https://www.taxtmi.com/caselaws?id=457357 Deletion of the transfer pricing adjustment relating to advertisement, marketing and promotion expenses was upheld because the issue was covered by an existing Division Bench judgment. The pendency of appeals before the Supreme Court did not suspend the operation of those judgments in the absence of a stay, so they continued to bind the Court. Relying on Kunhayammed and Shree Chamundi Mopeds, the Court treated the precedent as operative and found no basis to interfere with the deletion based on the Bright Line Test challenge. en-us Fri, 08 Apr 2022 00:00:00 +0530 Tue, 17 Sep 2024 20:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457357 Deletion of the transfer pricing adjustment relating to advertisement, marketing and promotion expenses was upheld because the issue was covered by an existing Division Bench judgment. The pendency of appeals before the Supreme Court did not suspend the operation of those judgments in the absence of a stay, so they continued to bind the Court. Relying on Kunhayammed and Shree Chamundi Mopeds, the Court treated the precedent as operative and found no basis to interfere with the deletion based on the Bright Line Test challenge. Case-Laws Income Tax Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457357