https://www.taxtmi.com/caselaws?id=469584 An ITAT Ahmedabad discussion on transfer pricing held that a Government undertaking with regulated pricing, abnormally high profits and related party transactions above the permissible threshold may be excluded from comparables; on that basis, the transfer pricing adjustment was deleted because the remaining comparables fell within the assessee's margin range. On depreciation, the note states that plant and machinery must be treated unit-wise, while common assets used by both units, including office equipment, furniture, vehicles and related software, may be apportioned on a turnover basis. Separate asset registers alone do not prevent such allocation where the assets serve both units. en-us Thu, 20 Aug 2015 00:00:00 +0530 Tue, 23 Jun 2026 15:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469584 An ITAT Ahmedabad discussion on transfer pricing held that a Government undertaking with regulated pricing, abnormally high profits and related party transactions above the permissible threshold may be excluded from comparables; on that basis, the transfer pricing adjustment was deleted because the remaining comparables fell within the assessee's margin range. On depreciation, the note states that plant and machinery must be treated unit-wise, while common assets used by both units, including office equipment, furniture, vehicles and related software, may be apportioned on a turnover basis. Separate asset registers alone do not prevent such allocation where the assets serve both units. Case-Laws Income Tax Thu, 20 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469584