EXL Service.com (India) (P) Ltd. v. Asst. CIT  52 taxmann.com 352 (Delhi Tribunal)
No transfer pricing adjustment could be allowed simply for the reason that one company had charged higher amount of depreciation vis-à-vis its comparable companies. However, the position might be different when there was a difference in the rates of depreciation charged by two companies on similar category of assets. It was this difference in the amounts of depreciation, which calls for bringing both the companies at par.