https://www.taxtmi.com/caselaws?id=442974 The Tribunal remitted the benchmarking of royalty payments issue back to the Transfer Pricing Officer for reassessment, directing consideration of the Comparable Uncontrolled Price method. It instructed the Assessing Officer to correctly allow the carry forward of losses and upheld the depreciation claim on retired assets. The Tribunal also directed the AO to delete the addition on account of unutilized Cenvat credit, in favor of the assessee. en-us Mon, 21 Aug 2023 00:00:00 +0530 Wed, 13 Sep 2023 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442974 The Tribunal remitted the benchmarking of royalty payments issue back to the Transfer Pricing Officer for reassessment, directing consideration of the Comparable Uncontrolled Price method. It instructed the Assessing Officer to correctly allow the carry forward of losses and upheld the depreciation claim on retired assets. The Tribunal also directed the AO to delete the addition on account of unutilized Cenvat credit, in favor of the assessee. Case-Laws Income Tax Mon, 21 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442974