https://www.taxtmi.com/caselaws?id=298538 The Tribunal partly allowed the assessee's appeal, remanding the issue of Transfer Pricing Adjustment on CCR Divisional Cost for fresh adjudication to determine the arm's length price. It allowed depreciation on Goodwill, Non-Compete Fees, and Technical Know-How and Other Assets based on precedent and applicable law. The Tribunal directed a re-examination of the Short Grant of Credit for Taxes Deducted at Source and dismissed the challenge to Penalty Proceedings under Section 271(1)(c) of the Act as premature. en-us Mon, 30 Aug 2021 00:00:00 +0530 Mon, 08 Nov 2021 21:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298538 The Tribunal partly allowed the assessee's appeal, remanding the issue of Transfer Pricing Adjustment on CCR Divisional Cost for fresh adjudication to determine the arm's length price. It allowed depreciation on Goodwill, Non-Compete Fees, and Technical Know-How and Other Assets based on precedent and applicable law. The Tribunal directed a re-examination of the Short Grant of Credit for Taxes Deducted at Source and dismissed the challenge to Penalty Proceedings under Section 271(1)(c) of the Act as premature. Case-Laws Income Tax Mon, 30 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298538