https://www.taxtmi.com/caselaws?id=762678 Delhi HC remanded the matter to ITAT for fresh consideration of transfer pricing adjustment grounds relating to purchase of finished goods. The Court found that ITAT had not properly adjudicated the assessee's challenge to adjustments on finished goods purchases, despite addressing AMP expenses as a separate international transaction benchmarked through Bright Line Test. The Court clarified that determination of ALP on AMP expenses does not necessarily require determining transfer pricing adjustments for finished goods purchases, directing ITAT to pass a reasoned order without expressing opinion on adjustment merits. en-us Wed, 20 Nov 2024 00:00:00 +0530 Thu, 05 Dec 2024 08:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762678 Delhi HC remanded the matter to ITAT for fresh consideration of transfer pricing adjustment grounds relating to purchase of finished goods. The Court found that ITAT had not properly adjudicated the assessee's challenge to adjustments on finished goods purchases, despite addressing AMP expenses as a separate international transaction benchmarked through Bright Line Test. The Court clarified that determination of ALP on AMP expenses does not necessarily require determining transfer pricing adjustments for finished goods purchases, directing ITAT to pass a reasoned order without expressing opinion on adjustment merits. Case-Laws Income Tax Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762678