Accounting And Audit 13 September 2026
ITAT Deletes Rs 1.13 Cr Transfer Pricing Adjustment, Flags Depreciation Issue
The Income Tax Appellate Tribunal (ITAT) has overturned a Rs 1.13 crore transfer pricing adjustment after finding the taxpayer's depreciation calculations were inconsistent with prevailing tax rules. The decision mandates a reassessment, correcting the depreciation treatment and removing the prior adjustment, highlighting stricter scrutiny of depreciation claims in transfer pricing cases.
Key Points
- ITAT deleted a Rs 1.13 crore transfer pricing adjustment.
- The bench flagged the assessee’s depreciation schedule as inconsistent with tax provisions.
The tribunal ordered the tax department to revise the assessment and align depreciation treatment with statutory rules. For full details, see the original article.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.