https://www.taxtmi.com/caselaws?id=387586 The Tribunal partially allowed the appeal, directing the deletion of Transfer Pricing adjustments related to Advertising, Marketing, and Promotion (AMP) Expenses and Research and Training (R&T) Expenditure based on previous favorable decisions. The issue of Intra-Group Services was remanded for fresh adjudication due to errors in determining the arm's length price. The Tribunal emphasized compliance with Dispute Resolution Panel (DRP) directions and ordered reevaluation of Contract Research and Development (R&D) Services. Disallowance of Cash Discount and Advertisement Expenses was deemed arbitrary, requiring detailed verification. Penalty and interest proceedings were dismissed as consequential. The case was remanded back to the Assessing Officer for further review. en-us Fri, 18 Oct 2019 00:00:00 +0530 Thu, 24 Oct 2019 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387586 The Tribunal partially allowed the appeal, directing the deletion of Transfer Pricing adjustments related to Advertising, Marketing, and Promotion (AMP) Expenses and Research and Training (R&T) Expenditure based on previous favorable decisions. The issue of Intra-Group Services was remanded for fresh adjudication due to errors in determining the arm's length price. The Tribunal emphasized compliance with Dispute Resolution Panel (DRP) directions and ordered reevaluation of Contract Research and Development (R&D) Services. Disallowance of Cash Discount and Advertisement Expenses was deemed arbitrary, requiring detailed verification. Penalty and interest proceedings were dismissed as consequential. The case was remanded back to the Assessing Officer for further review. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387586