ITAT Excludes Incomparable Companies as Functional Differences & Turnover Distorted TP Analysis

Caterpillar India Private Limited Vs DCIT (ITAT Chennai) Secondment Payment Disallowance Deleted Because Salary Reimbursements Were Not Fees for Technical Services; Licensed Software Eligible for 60% Depreciation Because It Qualifies as Computer Software; Stamp Duty on Lease Registration Allowed as Revenue Expense Because Liability Crystallised During the Year; Repair Expenditure Treated as Capital Because It Created Additional Office Space and Enduring Benefit. The assessee filed an appeal against the final assessment order for Assessment Year (AY) 2013-14 passed under Sections 143(3) read wi...