The Tribunal has held that depreciation must be removed while calculating net margin
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that depreciation must be removed while calculating net margin. The ITAT remitted the matter back to the file of TPO/AO for further calculation of TP adjustment by considering the direction of the Bench. Jamshedpur Continuous Annealing & Processing Company Pvt. Ltd(…
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