https://www.taxtmi.com/caselaws?id=391248 AMP expenditure did not constitute an international transaction where no arrangement or undertaking with associated enterprises required its incurrence; the transfer pricing adjustment was deleted. Local sales-promotion expenditure remained deductible as business expenditure despite incidental benefit to an overseas group, and the alternative AMP disallowance was deleted. Research and development outlay denied weighted deduction under the special approval regime remained eligible for normal business deduction under section 37(1). Additions arising from Form 26AS and AIR mismatches, employee-welfare expenditure for employees' daughters' marriages, and foreign tax credit claims required verification of reconciliations, supporting details and withholding certificates, and were restored for factual examination. en-us Mon, 20 Jan 2020 00:00:00 +0530 Thu, 23 Jan 2020 13:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391248 AMP expenditure did not constitute an international transaction where no arrangement or undertaking with associated enterprises required its incurrence; the transfer pricing adjustment was deleted. Local sales-promotion expenditure remained deductible as business expenditure despite incidental benefit to an overseas group, and the alternative AMP disallowance was deleted. Research and development outlay denied weighted deduction under the special approval regime remained eligible for normal business deduction under section 37(1). Additions arising from Form 26AS and AIR mismatches, employee-welfare expenditure for employees' daughters' marriages, and foreign tax credit claims required verification of reconciliations, supporting details and withholding certificates, and were restored for factual examination. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391248