https://www.taxtmi.com/caselaws?id=413730 AMP expenditure can be subjected to transfer pricing adjustment only if the Revenue proves, with evidence, that it arose from an international transaction involving an agreement, arrangement, understanding or concerted action for the foreign associated enterprise; in the absence of such proof, the upward adjustment and mark-up are not sustainable. Employees' contribution to provident fund and ESI remains deductible where it is remitted before the return-filing due date, even if payment was late under the welfare statutes, and the pendency of a review petition does not affect the binding force of the existing jurisdictional ruling. en-us Thu, 30 Sep 2021 00:00:00 +0530 Mon, 18 Oct 2021 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413730 AMP expenditure can be subjected to transfer pricing adjustment only if the Revenue proves, with evidence, that it arose from an international transaction involving an agreement, arrangement, understanding or concerted action for the foreign associated enterprise; in the absence of such proof, the upward adjustment and mark-up are not sustainable. Employees' contribution to provident fund and ESI remains deductible where it is remitted before the return-filing due date, even if payment was late under the welfare statutes, and the pendency of a review petition does not affect the binding force of the existing jurisdictional ruling. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413730