https://www.taxtmi.com/caselaws?id=254452 The Tribunal partially upheld the Transfer Pricing Officer's adjustment in the Arm's Length Price, directing further review. The Tribunal remanded the provision for warranty treatment back to the Assessing Officer for reconsideration. The Tribunal overturned the disallowance of advertisement expenditure as capital expense, deeming it revenue expenditure. The Tribunal ruled in favor of the assessee regarding the penalty imposed under Section 271AA for non-disclosure of AMP expenses, finding no grounds for penalty. The Tribunal instructed a fresh examination by the Transfer Pricing Officer and verification of warranty provision by the Assessing Officer. en-us Fri, 12 Dec 2014 00:00:00 +0530 Tue, 23 Dec 2014 06:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254452 The Tribunal partially upheld the Transfer Pricing Officer's adjustment in the Arm's Length Price, directing further review. The Tribunal remanded the provision for warranty treatment back to the Assessing Officer for reconsideration. The Tribunal overturned the disallowance of advertisement expenditure as capital expense, deeming it revenue expenditure. The Tribunal ruled in favor of the assessee regarding the penalty imposed under Section 271AA for non-disclosure of AMP expenses, finding no grounds for penalty. The Tribunal instructed a fresh examination by the Transfer Pricing Officer and verification of warranty provision by the Assessing Officer. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254452