2019 (7) TMI 668

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hra and Mr. Kislaya Parashar, Advocates   O R D E R 1. Issue notice. Mr. Ved Jain, Advocate accepts notice. 2. Two questions of law are urged by the Revenue in its appeal:- (i) The exclusion of two comparables in the transfer pricing; (ii) The ground of additional depreciation to the tune of Rs.19,45,902/-. 3. As far as the first issue urged is concerned, with respect to the exclusion....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ation, the Revenue urges that the items bought and for which said relief was claimed, cannot be termed as equipment. The ITAT had relied upon its previous order granting the same relief. Moreover, the assessee engages itself in manufacturing of equipments for construction and building industry. In the circumstances, unless the connection of the items purchased and claimed to be equipment is shown ....