https://www.taxtmi.com/caselaws?id=417421 The Tribunal quashed the final assessment order for not following the DRP's directions, rendering it invalid. The Tribunal found errors in treating routine selling expenses as non-routine AMP expenses, characterizing sales promotion expenses as 'international transactions,' and benchmarking AMP expenses. Additionally, the recharacterization of outstanding receivables and the addition under section 36(1)(iii) were deemed incorrect. The penalty proceedings under section 271(1)(c) were also quashed. The Tribunal allowed the appeal, declaring the assessment order null and void, making the Stay Application irrelevant. en-us Thu, 13 Jan 2022 00:00:00 +0530 Sat, 22 Jan 2022 08:49:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417421 The Tribunal quashed the final assessment order for not following the DRP's directions, rendering it invalid. The Tribunal found errors in treating routine selling expenses as non-routine AMP expenses, characterizing sales promotion expenses as 'international transactions,' and benchmarking AMP expenses. Additionally, the recharacterization of outstanding receivables and the addition under section 36(1)(iii) were deemed incorrect. The penalty proceedings under section 271(1)(c) were also quashed. The Tribunal allowed the appeal, declaring the assessment order null and void, making the Stay Application irrelevant. Case-Laws Income Tax Thu, 13 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417421