https://www.taxtmi.com/caselaws?id=390469 The Tribunal partly allowed the appeal, directing the AO to re-evaluate comparables, apply RPM for benchmarking, include subvention income as operating income, and allow depreciation at 60%. Additionally, the Tribunal held that AMP expenses were not an international transaction and should not be benchmarked. Penalty initiation was deemed premature, and the AO was instructed to verify interest charged under section 234C. en-us Mon, 23 Dec 2019 00:00:00 +0530 Thu, 02 Jan 2020 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390469 The Tribunal partly allowed the appeal, directing the AO to re-evaluate comparables, apply RPM for benchmarking, include subvention income as operating income, and allow depreciation at 60%. Additionally, the Tribunal held that AMP expenses were not an international transaction and should not be benchmarked. Penalty initiation was deemed premature, and the AO was instructed to verify interest charged under section 234C. Case-Laws Income Tax Mon, 23 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390469