https://www.taxtmi.com/caselaws?id=306495 The Tribunal held in favor of the assessee, ruling that the adjustment for the arm's length price (ALP) of the international transaction of purchasing fixed assets could not be made. Citing precedent, the Tribunal directed the tax authorities to delete the adjustment from the total income of the assessee, as no depreciation was claimed during the year. The appeal was allowed, leaving other issues open for further consideration. en-us Thu, 19 Nov 2020 00:00:00 +0530 Fri, 03 Feb 2023 21:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306495 The Tribunal held in favor of the assessee, ruling that the adjustment for the arm's length price (ALP) of the international transaction of purchasing fixed assets could not be made. Citing precedent, the Tribunal directed the tax authorities to delete the adjustment from the total income of the assessee, as no depreciation was claimed during the year. The appeal was allowed, leaving other issues open for further consideration. Case-Laws Income Tax Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306495