https://www.taxtmi.com/caselaws?id=428796 Expenditure on a temporary weather shed in rented premises was held to be revenue in nature because it did not create a permanent asset or enduring advantage, and the temporary character of the structure was consistent with depreciation treatment for such assets. The resulting disallowance was therefore not justified. In transfer pricing, an arm's length comparison had to be made on correctly adjusted profits; where excess purchase provision was later reversed and the adjusted margin matched the comparable, the adjustment could not survive. The transfer pricing addition was therefore unsustainable and had to be deleted. en-us Fri, 07 Oct 2022 00:00:00 +0530 Mon, 10 Oct 2022 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428796 Expenditure on a temporary weather shed in rented premises was held to be revenue in nature because it did not create a permanent asset or enduring advantage, and the temporary character of the structure was consistent with depreciation treatment for such assets. The resulting disallowance was therefore not justified. In transfer pricing, an arm's length comparison had to be made on correctly adjusted profits; where excess purchase provision was later reversed and the adjusted margin matched the comparable, the adjustment could not survive. The transfer pricing addition was therefore unsustainable and had to be deleted. Case-Laws Income Tax Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428796