https://www.taxtmi.com/caselaws?id=407869 The Tribunal allowed the appeal, directing the AO to use PBDIT as the profit level indicator for determining the ALP of international transactions. It emphasized the need for adjustments in depreciation and rejected the CIT (A)'s reasoning equating depreciation with repair and maintenance expenses. The order was pronounced on 24/03/2021 at Ahmedabad. en-us Wed, 24 Mar 2021 00:00:00 +0530 Fri, 01 May 2026 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407869 The Tribunal allowed the appeal, directing the AO to use PBDIT as the profit level indicator for determining the ALP of international transactions. It emphasized the need for adjustments in depreciation and rejected the CIT (A)'s reasoning equating depreciation with repair and maintenance expenses. The order was pronounced on 24/03/2021 at Ahmedabad. Case-Laws Income Tax Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407869