https://www.taxtmi.com/caselaws?id=359595 The High Court dismissed the writ petition challenging the Tribunal's order on Transfer Pricing Adjustment for Advertisement, Marketing, and Promotion expenses. The Court found the interim order fair and reasonable, not prejudicial to the Department, and debatable. The Court waived the costs imposed and clarified that the observations in the impugned order were relevant only for interim relief. Emphasizing the need to avoid indiscriminate filing of writ petitions, the Court advised against unnecessary escalation to higher courts but found the specific circumstances of this case did not warrant penalizing the authorities involved in filing the petition. en-us Tue, 24 Apr 2018 00:00:00 +0530 Wed, 02 May 2018 06:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359595 The High Court dismissed the writ petition challenging the Tribunal's order on Transfer Pricing Adjustment for Advertisement, Marketing, and Promotion expenses. The Court found the interim order fair and reasonable, not prejudicial to the Department, and debatable. The Court waived the costs imposed and clarified that the observations in the impugned order were relevant only for interim relief. Emphasizing the need to avoid indiscriminate filing of writ petitions, the Court advised against unnecessary escalation to higher courts but found the specific circumstances of this case did not warrant penalizing the authorities involved in filing the petition. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359595