https://www.taxtmi.com/caselaws?id=370763 The Tribunal partly allowed the appeal in favor of the assessee, ruling against the adjustment to the arm's length price of advertisement, marketing, and promotional expenditure. The Tribunal held that the AMP expenditure did not constitute an international transaction, citing the Maruti Suzuki India Ltd. case and disapproving the bright line test method. The issue of short credit for Tax Deducted at Source was remanded for verification, and the levy of interest under section 234B was deemed consequential, with directions for the Assessing Officer to adjust income accordingly. en-us Wed, 19 Sep 2018 00:00:00 +0530 Wed, 28 Nov 2018 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370763 The Tribunal partly allowed the appeal in favor of the assessee, ruling against the adjustment to the arm's length price of advertisement, marketing, and promotional expenditure. The Tribunal held that the AMP expenditure did not constitute an international transaction, citing the Maruti Suzuki India Ltd. case and disapproving the bright line test method. The issue of short credit for Tax Deducted at Source was remanded for verification, and the levy of interest under section 234B was deemed consequential, with directions for the Assessing Officer to adjust income accordingly. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370763