In the result, all the three appeals are partly allowed for statistical purpose and the Stay Application is also disposed of
Bench: Ms. Suchitra Kamble & Shri Bhagirath Mal Biyani
method. Thus, the comparable companies were charging ITA Nos.179/Ind/2016, 292/Ind/2017, 319/Ind/2018 & SA No.46/Ind/2021 A.Ys. 2011-12, 2012-13 & 2013-14 Page 8 of 29 depreciation at a rate lower than the assessee. The assessee sought adjustment because of the difference in the rates of depreciation charged by the assessee vis-à- vis the comparable companies. The Ld. AR submitted that