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2015 (5) TMI 1157 - AT - Income TaxDeemed international transactions - TPA - adjustment in respect of the relevant transactions of the assessee with M/s. Mylan Laboratories Ltd., involving the payment of management fees - Held that:- s The issue involved in the year under consideration as well as all the material facts relevant thereto are similar to that of A.Y. 2009-2010 [2015 (3) TMI 1271 - ITAT HYDERABAD], we respectfully follow the decision of the Coordinate Bench of this Tribunal for A.Y. 2009-2010 and uphold the order of the DRP directing the A.O. not to make any addition on account of T.P. adjustment in respect of the transactions of the assessee company with M/s. Mylan Laboratories Ltd., involving payment of management fees. The appeal of the Revenue is accordingly dismissed. Disallowance of depreciation in respect of technical knowhow purchased from M/s. Mylan Laboratories Ltd. and development charges paid to the said company - Held that:- The issue involved in the appeal of the assessee for the A.Y. 2010-2011 thus is squarely covered in favour of the assessee by the decision of the Coordinate Bench of this Tribunal rendered vide order dated 25.03.2015 (supra) for A.Y. 2009-2010 and respectfully following the same, we direct the A.O. to delete the disallowance made on account of assessee’s claim for depreciation of ₹ 9,71,97,865 on intangible assets. - Decided in favour of assessee
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