https://www.taxtmi.com/caselaws?id=431743 ITAT KOLKATA - AT held that CPM was the most appropriate MAM for the assessee's contract-manufacturing transactions and that the transfer prices were at ALP, dismissing the revenue's appeal on TP issues. On additional depreciation under s.32(1)(iia) the bench followed precedent and allowed the remaining 50% depreciation to be claimed in a subsequent year where assets were in use for less than 180 days. On foreign exchange loss, the AO's denial of immediate deduction was restored but the assessee was directed to capitalize the loss and claim depreciation thereon at the applicable rate. en-us Thu, 23 Jun 2022 00:00:00 +0530 Tue, 14 Oct 2025 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431743 ITAT KOLKATA - AT held that CPM was the most appropriate MAM for the assessee's contract-manufacturing transactions and that the transfer prices were at ALP, dismissing the revenue's appeal on TP issues. On additional depreciation under s.32(1)(iia) the bench followed precedent and allowed the remaining 50% depreciation to be claimed in a subsequent year where assets were in use for less than 180 days. On foreign exchange loss, the AO's denial of immediate deduction was restored but the assessee was directed to capitalize the loss and claim depreciation thereon at the applicable rate. Case-Laws Income Tax Thu, 23 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431743