https://www.taxtmi.com/caselaws?id=407657 The Tribunal allowed the appeal of the assessee, directing the deletion of transfer pricing adjustments on Advertisement, Marketing, and Sales Promotion (AMP) expenses based on precedents from higher judicial authorities. Additionally, the disallowance under Section 14A of the Income Tax Act was also deleted as the assessee had earned no exempt income during the relevant year. The Tribunal further directed the deletion of the disallowance amount and deemed the challenge to the levy of interest under Section 234B as consequential. en-us Mon, 08 Mar 2021 00:00:00 +0530 Tue, 25 May 2021 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407657 The Tribunal allowed the appeal of the assessee, directing the deletion of transfer pricing adjustments on Advertisement, Marketing, and Sales Promotion (AMP) expenses based on precedents from higher judicial authorities. Additionally, the disallowance under Section 14A of the Income Tax Act was also deleted as the assessee had earned no exempt income during the relevant year. The Tribunal further directed the deletion of the disallowance amount and deemed the challenge to the levy of interest under Section 234B as consequential. Case-Laws Income Tax Mon, 08 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407657