https://www.taxtmi.com/caselaws?id=381918 The tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. The tribunal directed the AO to allow depreciation at 60% for computer peripherals, deleted the TP adjustment for sales price comparison, and instructed re-determination of reimbursement of advertisement expenses. It restricted the guarantee commission estimation to 2% and deleted TP adjustments for advertising and marketing functions. The Bright Line Test for AMP expenses was deemed unsanctioned, leading to deletion of the adjustment. Secondary adjustments for AMP expenditure were found infructuous. The tribunal upheld decisions on expense allocation and profit margin rate, based on past rulings. en-us Wed, 19 Jun 2019 00:00:00 +0530 Fri, 05 Aug 2022 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381918 The tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. The tribunal directed the AO to allow depreciation at 60% for computer peripherals, deleted the TP adjustment for sales price comparison, and instructed re-determination of reimbursement of advertisement expenses. It restricted the guarantee commission estimation to 2% and deleted TP adjustments for advertising and marketing functions. The Bright Line Test for AMP expenses was deemed unsanctioned, leading to deletion of the adjustment. Secondary adjustments for AMP expenditure were found infructuous. The tribunal upheld decisions on expense allocation and profit margin rate, based on past rulings. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381918