https://www.taxtmi.com/caselaws?id=764940 ITAT Chennai ruled on transfer pricing adjustments involving comparability analysis. The tribunal directed inclusion of two entities initially rejected as loss-making, finding they were not persistently loss-making. One entity with related party transactions was properly included under broad comparability requirements. Issues regarding another entity's segmental data and forex loss components were remanded to AO for fresh adjudication with directions for the assessee to provide requisite details. Economic adjustments were denied as previously rejected by tribunal. Additional depreciation claim was dismissed as it would disturb subsequent years' depreciation calculations and was revenue neutral. en-us Tue, 03 Dec 2024 00:00:00 +0530 Wed, 22 Jan 2025 08:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764940 ITAT Chennai ruled on transfer pricing adjustments involving comparability analysis. The tribunal directed inclusion of two entities initially rejected as loss-making, finding they were not persistently loss-making. One entity with related party transactions was properly included under broad comparability requirements. Issues regarding another entity's segmental data and forex loss components were remanded to AO for fresh adjudication with directions for the assessee to provide requisite details. Economic adjustments were denied as previously rejected by tribunal. Additional depreciation claim was dismissed as it would disturb subsequent years' depreciation calculations and was revenue neutral. Case-Laws Income Tax Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764940