https://www.taxtmi.com/caselaws?id=435914 The Tribunal upheld the learned CIT(A)'s decisions on disallowance of depreciation and transfer pricing adjustments for the assessment years 2010-11 and 2011-12. The Revenue's appeals and the assessee's cross-appeals were dismissed, with the Tribunal finding no reason to deviate from earlier decisions favoring the assessee. The disallowed depreciation was allowed at 60%, and the interest rate on the deemed loan was adjusted to 8.375%. en-us Mon, 05 Dec 2022 00:00:00 +0530 Wed, 29 Mar 2023 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435914 The Tribunal upheld the learned CIT(A)'s decisions on disallowance of depreciation and transfer pricing adjustments for the assessment years 2010-11 and 2011-12. The Revenue's appeals and the assessee's cross-appeals were dismissed, with the Tribunal finding no reason to deviate from earlier decisions favoring the assessee. The disallowed depreciation was allowed at 60%, and the interest rate on the deemed loan was adjusted to 8.375%. Case-Laws Income Tax Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435914