https://www.taxtmi.com/caselaws?id=341482 The Tribunal set aside the transfer pricing adjustments of Advertising, Marketing, and Promotion (AMP) expenses for Assessment Years 2010-11 and 2011-12, emphasizing the requirement to establish the international nature of such transactions. Additionally, the Tribunal directed a reconsideration of the difference in closing stock valuation due to non-inclusion of Special Additional Duty (SAD) for Assessment Year 2010-11 in accordance with Section 145A and relevant judicial precedents. The appeals were allowed for statistical purposes in both years, granting the assessee a reasonable opportunity of hearing for fresh determinations. en-us Thu, 06 Apr 2017 00:00:00 +0530 Mon, 10 Apr 2017 10:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341482 The Tribunal set aside the transfer pricing adjustments of Advertising, Marketing, and Promotion (AMP) expenses for Assessment Years 2010-11 and 2011-12, emphasizing the requirement to establish the international nature of such transactions. Additionally, the Tribunal directed a reconsideration of the difference in closing stock valuation due to non-inclusion of Special Additional Duty (SAD) for Assessment Year 2010-11 in accordance with Section 145A and relevant judicial precedents. The appeals were allowed for statistical purposes in both years, granting the assessee a reasonable opportunity of hearing for fresh determinations. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341482