https://www.taxtmi.com/caselaws?id=371344 The Tribunal allowed the taxpayer's appeal, setting aside the lower authorities' orders and directing the AO to pass a fresh order. The Tribunal deemed the transfer pricing adjustment related to AMP expenses unsustainable, rejecting the use of the Bright Line Test. The disallowance under Section 37 was also considered unsustainable due to the earlier TP adjustment decision. The levy of interest under Sections 234B and 234C was not specifically addressed. The appeal was allowed pro tanto, with the order pronounced on November 26, 2018. en-us Mon, 26 Nov 2018 00:00:00 +0530 Sat, 01 Dec 2018 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371344 The Tribunal allowed the taxpayer's appeal, setting aside the lower authorities' orders and directing the AO to pass a fresh order. The Tribunal deemed the transfer pricing adjustment related to AMP expenses unsustainable, rejecting the use of the Bright Line Test. The disallowance under Section 37 was also considered unsustainable due to the earlier TP adjustment decision. The levy of interest under Sections 234B and 234C was not specifically addressed. The appeal was allowed pro tanto, with the order pronounced on November 26, 2018. Case-Laws Income Tax Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371344