https://www.taxtmi.com/caselaws?id=393478 The ITAT upheld the CIT(A)'s decision to delete the adjustment on account of the difference in Arm's Length Price (ALP) due to customs duty variations, emphasizing the need for adjustments to ensure comparability. The ITAT affirmed the deletion of the adjustment for advertisement and business promotion expenses, following precedents establishing such expenses as revenue in nature. The Revenue's appeal was dismissed, and the judgment was pronounced on 30.01.2020. en-us Thu, 30 Jan 2020 00:00:00 +0530 Tue, 17 Mar 2020 11:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393478 The ITAT upheld the CIT(A)'s decision to delete the adjustment on account of the difference in Arm's Length Price (ALP) due to customs duty variations, emphasizing the need for adjustments to ensure comparability. The ITAT affirmed the deletion of the adjustment for advertisement and business promotion expenses, following precedents establishing such expenses as revenue in nature. The Revenue's appeal was dismissed, and the judgment was pronounced on 30.01.2020. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393478