https://www.taxtmi.com/caselaws?id=259947 AMP transfer pricing requires a comparability-based arm's length analysis; the bright line test cannot replace examination of the assessee's AMP functions against suitable comparables, so the adjustment was remanded for fresh determination. The claim for advances written off as irrecoverable special additional duty on obsolete goods was disallowed because the goods remained closing stock and the amount continued to form part of purchase cost, so the disallowance was sustained. The warranty provision claim was not examined on the existing record and required factual verification based on past experience and rational estimation, so it was restored for fresh adjudication. en-us Mon, 25 May 2015 00:00:00 +0530 Mon, 09 Nov 2015 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259947 AMP transfer pricing requires a comparability-based arm's length analysis; the bright line test cannot replace examination of the assessee's AMP functions against suitable comparables, so the adjustment was remanded for fresh determination. The claim for advances written off as irrecoverable special additional duty on obsolete goods was disallowed because the goods remained closing stock and the amount continued to form part of purchase cost, so the disallowance was sustained. The warranty provision claim was not examined on the existing record and required factual verification based on past experience and rational estimation, so it was restored for fresh adjudication. Case-Laws Income Tax Mon, 25 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259947