https://www.taxtmi.com/caselaws?id=761448 Delhi HC upheld Tribunal's decision that RPM was the most appropriate method for TP adjustment despite Revenue's objection regarding AMP expenses. The assessee functioned as distributor purchasing products from associated enterprise and reselling to unrelated parties. Tribunal found AMP expenses were not excessive and comparable to other entities. HC rejected Revenue's challenge, holding that AMP activities formed part of assessee's functional profile and DRP's conclusion that assessee was not routine distributor was sustainable. No substantial question of law arose. en-us Thu, 24 Oct 2024 00:00:00 +0530 Mon, 11 Nov 2024 08:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761448 Delhi HC upheld Tribunal's decision that RPM was the most appropriate method for TP adjustment despite Revenue's objection regarding AMP expenses. The assessee functioned as distributor purchasing products from associated enterprise and reselling to unrelated parties. Tribunal found AMP expenses were not excessive and comparable to other entities. HC rejected Revenue's challenge, holding that AMP activities formed part of assessee's functional profile and DRP's conclusion that assessee was not routine distributor was sustainable. No substantial question of law arose. Case-Laws Income Tax Thu, 24 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761448