https://www.taxtmi.com/caselaws?id=458059 The ITAT Kolkata upheld the validity of assessment orders despite missing DIN numbers in the order body, as the DIN was properly included in the e-portal communication attachment. The tribunal allowed depreciation claims on goodwill arising from business acquisition, following SC precedent in Smifs Securities. Transfer pricing adjustments for intra-group services were deleted as they fell within the 3% tolerance limit. The tribunal directed exclusion of Power Mech Projects Ltd., Engineers India Ltd., and BGR Energy System Ltd. as comparables due to different business models and government ownership, while rejecting High Quality Steels Ltd. due to significant turnover differences. en-us Thu, 16 May 2024 00:00:00 +0530 Sat, 05 Oct 2024 20:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458059 The ITAT Kolkata upheld the validity of assessment orders despite missing DIN numbers in the order body, as the DIN was properly included in the e-portal communication attachment. The tribunal allowed depreciation claims on goodwill arising from business acquisition, following SC precedent in Smifs Securities. Transfer pricing adjustments for intra-group services were deleted as they fell within the 3% tolerance limit. The tribunal directed exclusion of Power Mech Projects Ltd., Engineers India Ltd., and BGR Energy System Ltd. as comparables due to different business models and government ownership, while rejecting High Quality Steels Ltd. due to significant turnover differences. Case-Laws Income Tax Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458059