https://www.taxtmi.com/caselaws?id=434647 Depreciation was held allowable on non-compete fee as an intangible/commercial right, following the Tribunal's earlier view in the assessee's own case. Admission of fresh evidence on depreciation of an effluent treatment plant was found contrary to Rule 46A because the Assessing Officer had no opportunity to examine it, so the matter was restored for fresh consideration. Employees' provident fund contribution deposited after the statutory due date was disallowed because the welfare-law condition for deduction was not met. Payment for management services to an associated enterprise was upheld at nil arm's length price for lack of credible evidence of actual services. The 2010-11 transfer pricing computation was remanded for fresh working of operating margins and foreign exchange gain treatment. en-us Wed, 23 Nov 2022 00:00:00 +0530 Tue, 28 Feb 2023 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434647 Depreciation was held allowable on non-compete fee as an intangible/commercial right, following the Tribunal's earlier view in the assessee's own case. Admission of fresh evidence on depreciation of an effluent treatment plant was found contrary to Rule 46A because the Assessing Officer had no opportunity to examine it, so the matter was restored for fresh consideration. Employees' provident fund contribution deposited after the statutory due date was disallowed because the welfare-law condition for deduction was not met. Payment for management services to an associated enterprise was upheld at nil arm's length price for lack of credible evidence of actual services. The 2010-11 transfer pricing computation was remanded for fresh working of operating margins and foreign exchange gain treatment. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434647