https://www.taxtmi.com/caselaws?id=391248 The article discusses ITAT Delhi's treatment of multiple tax issues, including AMP transfer pricing, alternative AMP disallowance, research and development expenditure, Form 26AS/AIR mismatches, employee welfare expenditure for daughters' marriages, and foreign tax credit. It states that AMP-related transfer pricing adjustment was deleted because no arrangement with associated enterprises was shown, and the alternative AMP disallowance was also deleted on the basis that the expenditure was incurred for the assessee's business. It further notes that R&D expenditure not qualifying for weighted deduction was allowed as a normal business deduction under section 37(1), while the remaining issues were remanded for verification and treated as allowed for statistical purposes. 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 The article discusses ITAT Delhi's treatment of multiple tax issues, including AMP transfer pricing, alternative AMP disallowance, research and development expenditure, Form 26AS/AIR mismatches, employee welfare expenditure for daughters' marriages, and foreign tax credit. It states that AMP-related transfer pricing adjustment was deleted because no arrangement with associated enterprises was shown, and the alternative AMP disallowance was also deleted on the basis that the expenditure was incurred for the assessee's business. It further notes that R&D expenditure not qualifying for weighted deduction was allowed as a normal business deduction under section 37(1), while the remaining issues were remanded for verification and treated as allowed for statistical purposes. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391248