https://www.taxtmi.com/caselaws?id=457169 The HC dismissed the Income Tax Appeal challenging the ITAT's order on AMP expenses, rejecting the Bright Line Test for determining AMP expenditure. The Court referenced the Sony Ericsson and Bausch & Lomb Eyecare cases, noting the absence of a statutory mandate for the Bright Line Test. Despite pending Supreme Court adjudication, the dismissal was based on existing precedents, with a clarification that the order would abide by the Supreme Court's final decision in the Sony Ericsson case. The Court disagreed with treating all AMP expenses as 'NIL' and emphasized that the Bright Line Test is not applicable for international transactions involving AMP expenses. en-us Wed, 31 Aug 2022 00:00:00 +0530 Mon, 09 Sep 2024 20:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457169 The HC dismissed the Income Tax Appeal challenging the ITAT's order on AMP expenses, rejecting the Bright Line Test for determining AMP expenditure. The Court referenced the Sony Ericsson and Bausch & Lomb Eyecare cases, noting the absence of a statutory mandate for the Bright Line Test. Despite pending Supreme Court adjudication, the dismissal was based on existing precedents, with a clarification that the order would abide by the Supreme Court's final decision in the Sony Ericsson case. The Court disagreed with treating all AMP expenses as 'NIL' and emphasized that the Bright Line Test is not applicable for international transactions involving AMP expenses. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457169