https://www.taxtmi.com/caselaws?id=435582 The tribunal directed a fresh examination by the AO/TPO to determine the most suitable method for benchmarking transactions related to the purchase of capital goods from the Associated Enterprise. For the purchase of finished goods from the AE, the tribunal instructed the AO/TPO to determine the Arm's Length Price using the most appropriate method, limited to purchases from the AE. Issues regarding disallowance of amortization claim, depreciation on fixed assets, and computation of book profits were all referred back for re-examination based on previous decisions. The appeal of the assessee was treated as allowed for statistical purposes, pending further tribunal directions. en-us Wed, 15 Feb 2023 00:00:00 +0530 Wed, 22 Mar 2023 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435582 The tribunal directed a fresh examination by the AO/TPO to determine the most suitable method for benchmarking transactions related to the purchase of capital goods from the Associated Enterprise. For the purchase of finished goods from the AE, the tribunal instructed the AO/TPO to determine the Arm's Length Price using the most appropriate method, limited to purchases from the AE. Issues regarding disallowance of amortization claim, depreciation on fixed assets, and computation of book profits were all referred back for re-examination based on previous decisions. The appeal of the assessee was treated as allowed for statistical purposes, pending further tribunal directions. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435582