Capitalized Expense shouldn’t be considered for computation of proportionate TP adjustment

Toyota Industries Engine India Pvt Ltd Vs NFAC (ITAT Bangalore)

ITAT Bangalore held that as professional and consultation charges & purchase of fixed assets are capitalized in the books of accounts, it should not be considered for computation of proportionate TP adjustment.

Facts- This appeal by assessee is directed against final assessment order passed by AO / NFAC for the assessment year 2016-17.

It mainly contested that AO has err

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