https://www.taxtmi.com/caselaws?id=430202 The High Court dismissed the Revenue's appeal, affirming the ITAT's decision regarding transfer pricing adjustments and disallowance of AMP expenditure. The Court held that the AMP expenditure was revenue in nature, not capital, emphasizing commercial expediency. It found no substantial question of law, upholding the ITAT's assessment and ultimately dismissing the appeal. en-us Wed, 02 Nov 2022 00:00:00 +0530 Mon, 14 Nov 2022 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430202 The High Court dismissed the Revenue's appeal, affirming the ITAT's decision regarding transfer pricing adjustments and disallowance of AMP expenditure. The Court held that the AMP expenditure was revenue in nature, not capital, emphasizing commercial expediency. It found no substantial question of law, upholding the ITAT's assessment and ultimately dismissing the appeal. Case-Laws Income Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430202