https://www.taxtmi.com/caselaws?id=348525 The appellant, a subsidiary of a Japanese company, challenged the assessment of its total income under section 143(3) of the Income-tax Act, 1961, for the assessment year 2010-11, disputing discrepancies and seeking to set aside the final assessment order due to non-conformity with statutory provisions. Concerns were raised regarding the Transfer Pricing Officer's computation of Arm's Length Price for Advertising, Marketing, and Promotional (AMP) expenditure, as well as the application of the Bright Line Test for transfer pricing adjustment. The appellant also contested the necessity of a mark-up on AMP expenditure and the failure to provide the benefit of the (+/-) 5% range as mandated by law. en-us Wed, 20 Sep 2017 00:00:00 +0530 Sat, 23 Sep 2017 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348525 The appellant, a subsidiary of a Japanese company, challenged the assessment of its total income under section 143(3) of the Income-tax Act, 1961, for the assessment year 2010-11, disputing discrepancies and seeking to set aside the final assessment order due to non-conformity with statutory provisions. Concerns were raised regarding the Transfer Pricing Officer's computation of Arm's Length Price for Advertising, Marketing, and Promotional (AMP) expenditure, as well as the application of the Bright Line Test for transfer pricing adjustment. The appellant also contested the necessity of a mark-up on AMP expenditure and the failure to provide the benefit of the (+/-) 5% range as mandated by law. Case-Laws Income Tax Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348525