https://www.taxtmi.com/caselaws?id=304005 The Tribunal partly allowed the appeals, remitting the issues related to AMP expenditure and royalty back to the AO for fresh consideration, while upholding the disallowance of expenses for the liaison office in Sri Lanka. The Tribunal emphasized the need for proper verification and adherence to legal principles in determining the arm's length price and allowable expenses. en-us Thu, 19 Dec 2019 00:00:00 +0530 Wed, 31 Aug 2022 10:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304005 The Tribunal partly allowed the appeals, remitting the issues related to AMP expenditure and royalty back to the AO for fresh consideration, while upholding the disallowance of expenses for the liaison office in Sri Lanka. The Tribunal emphasized the need for proper verification and adherence to legal principles in determining the arm's length price and allowable expenses. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304005