https://www.taxtmi.com/caselaws?id=331224 The Tribunal partially allowed the assessee's appeal by directing verification of assets for depreciation disallowance and rejecting the disallowance of AMP expenses. It emphasized that independently incurred AMP expenses are not international transactions under transfer pricing provisions. The Tribunal also restricted transfer pricing adjustments to transactions with associated enterprises only. The decision highlighted the importance of evidence in determining AMP expenses as international transactions. The Tribunal's ruling provided relief to the assessee on depreciation and transfer pricing issues while dismissing the AO's appeals on AMP expenditure and sub-license fees. en-us Fri, 08 Jul 2016 00:00:00 +0530 Tue, 16 Aug 2016 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331224 The Tribunal partially allowed the assessee's appeal by directing verification of assets for depreciation disallowance and rejecting the disallowance of AMP expenses. It emphasized that independently incurred AMP expenses are not international transactions under transfer pricing provisions. The Tribunal also restricted transfer pricing adjustments to transactions with associated enterprises only. The decision highlighted the importance of evidence in determining AMP expenses as international transactions. The Tribunal's ruling provided relief to the assessee on depreciation and transfer pricing issues while dismissing the AO's appeals on AMP expenditure and sub-license fees. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331224