https://www.taxtmi.com/caselaws?id=435290 The HC dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961, against the ITAT's order for AY 2012-13 and 2013-14. The ITAT had deleted the upward adjustment of Rs.7,07,55,565/- and Rs.15,60,70,670/- made by the revenue concerning the ALP of marketing intangible. The Tribunal found the assessee to be a manufacturer, not merely a distributor, and determined that selling expenses were related to the assessee's products, not brands. The Tribunal concluded there was no error in its order, granting relief to the assessee and dismissing the revenue's appeal. en-us Mon, 13 Mar 2023 00:00:00 +0530 Wed, 25 Oct 2023 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435290 The HC dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961, against the ITAT's order for AY 2012-13 and 2013-14. The ITAT had deleted the upward adjustment of Rs.7,07,55,565/- and Rs.15,60,70,670/- made by the revenue concerning the ALP of marketing intangible. The Tribunal found the assessee to be a manufacturer, not merely a distributor, and determined that selling expenses were related to the assessee's products, not brands. The Tribunal concluded there was no error in its order, granting relief to the assessee and dismissing the revenue's appeal. Case-Laws Income Tax Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435290