https://www.taxtmi.com/caselaws?id=414866 The Tribunal ruled in favor of the assessee, holding that the AMP expenses did not constitute an international transaction, thus deleting the transfer pricing adjustment. Additionally, the disallowance of deduction under Section 80-IC was overturned, with the Tribunal supporting the assessee's allocation method. The Tribunal also allowed the claim for the allowability of education cess as a business expenditure. Issues regarding interest applicability and penalty proceedings were dismissed as premature, resulting in the overall appeal of the assessee being allowed. en-us Wed, 22 Sep 2021 00:00:00 +0530 Fri, 19 Nov 2021 09:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414866 The Tribunal ruled in favor of the assessee, holding that the AMP expenses did not constitute an international transaction, thus deleting the transfer pricing adjustment. Additionally, the disallowance of deduction under Section 80-IC was overturned, with the Tribunal supporting the assessee's allocation method. The Tribunal also allowed the claim for the allowability of education cess as a business expenditure. Issues regarding interest applicability and penalty proceedings were dismissed as premature, resulting in the overall appeal of the assessee being allowed. Case-Laws Income Tax Wed, 22 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414866