https://www.taxtmi.com/caselaws?id=770224 ITAT Hyderabad remanded transfer pricing matter to TPO/AO for fresh determination using TNNM method with external and international comparables, directing no adjustment if assessee's operating margin falls within 3% tolerance range of arm's length price. Tribunal allowed weighted deduction under section 35(2AB) following consistency principle from previous year's order. Additional depreciation claim under section 32(iia) was allowed, directing AO to implement DRP's directions which were ignored in final assessment order, criticizing AO's indiscipline in not following DRP's binding directions. en-us Wed, 19 Feb 2025 00:00:00 +0530 Tue, 06 May 2025 12:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770224 ITAT Hyderabad remanded transfer pricing matter to TPO/AO for fresh determination using TNNM method with external and international comparables, directing no adjustment if assessee's operating margin falls within 3% tolerance range of arm's length price. Tribunal allowed weighted deduction under section 35(2AB) following consistency principle from previous year's order. Additional depreciation claim under section 32(iia) was allowed, directing AO to implement DRP's directions which were ignored in final assessment order, criticizing AO's indiscipline in not following DRP's binding directions. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770224