Thursday, 16 July 2015

If purchase of fixed asset isn't at ALP, TP adjustment is to be made for depreciation only

IT/ILT : Where TPO made addition to assessee's ALP in respect of rendering software development services to its AE, since comparable selected by TPO could not properly match its expenses with revenue earned and thus lost its credibility for making logical comparison, impugned addition was to be set aside

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