https://www.taxtmi.com/caselaws?id=309309 The High Court condoned the delay in refiling the appeal and dismissed the appeal challenging the ITAT's order on the Arms Length Price (ALP) of Advertising, Marketing, and Promotion (AMP) expenses for the Assessment Year 2010-11. The Court emphasized the need for an ascertainable international transaction involving AMP expenses for Chapter X provisions to apply. As the Revenue failed to demonstrate such a transaction, the appeal was dismissed without any substantial question of law, with the order aligning with the pending Supreme Court decision on related judgments. en-us Fri, 25 Nov 2022 00:00:00 +0530 Wed, 23 Aug 2023 21:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309309 The High Court condoned the delay in refiling the appeal and dismissed the appeal challenging the ITAT's order on the Arms Length Price (ALP) of Advertising, Marketing, and Promotion (AMP) expenses for the Assessment Year 2010-11. The Court emphasized the need for an ascertainable international transaction involving AMP expenses for Chapter X provisions to apply. As the Revenue failed to demonstrate such a transaction, the appeal was dismissed without any substantial question of law, with the order aligning with the pending Supreme Court decision on related judgments. Case-Laws Income Tax Fri, 25 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309309