2019 (7) TMI 668

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.... Through: Mr. Ved Jain, Ms. Umang Luthra 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 fi....

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....aside. 5. As for the second question i.e. additional depreciation, 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 connecti....