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Lessor can claim dep. on assets given on lease provided it had ownership rights on leased assets: ITAT

May 22, 2020[2020] 116 632 (Mumbai - Trib.)

INCOME TAX: Where assessee had ownership of leased out asset and lessee had not claimed any depreciation on leased assets, assessee was entitled to claim depreciation on such leased asset

TRANSFER PRICING: Consistent losses in one or two years could not be a sole ground for rejection of comparable-company

TRANSFER PRICING: Where assessee­company was providing business support services to its AE, a company providing warranty management services to electronic sector could not be accepted as comparable

TRANSFER PRICING: Where assessee was providing business support services to its AE, a Govt. company could not be taken as comparable

TRANSFER PRICING: Assessee engaged in providing captive business support services to its AE, could not be compared with a company which was involved in several complex risk management, process improvement, public policy and transaction advisory services
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