https://www.taxtmi.com/caselaws?id=308219 The Tribunal partly allowed the appeal, remitting issues concerning disallowance of depreciation on assets under finance lease and transfer pricing adjustments back to the Assessing Officer for fresh adjudication with specific directions. The issue of not allowing set-off of brought forward depreciation loss was dismissed as not pressed. The Tribunal directed the AO to consider the interest rate in terms of LIBOR + 2% for interest on outstanding receivables. en-us Thu, 21 Jul 2022 00:00:00 +0530 Wed, 07 Jun 2023 21:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308219 The Tribunal partly allowed the appeal, remitting issues concerning disallowance of depreciation on assets under finance lease and transfer pricing adjustments back to the Assessing Officer for fresh adjudication with specific directions. The issue of not allowing set-off of brought forward depreciation loss was dismissed as not pressed. The Tribunal directed the AO to consider the interest rate in terms of LIBOR + 2% for interest on outstanding receivables. Case-Laws Income Tax Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308219