https://www.taxtmi.com/caselaws?id=459425 ITAT Bangalore ruled in favor of the assessee on revision proceedings under section 263. The tribunal held that excluding depreciation and amortization expenses from operating costs was justified, following precedent from Amazon Development Centre case. Even if included, the operating margin would remain within prescribed +/-3% range, requiring no addition. The tribunal also determined that delivery and warranty expenses were post-sales activities and not part of AMP expenditure, making the CIT(TP)'s revision unjustified on this issue. en-us Tue, 20 Feb 2024 00:00:00 +0530 Thu, 12 Dec 2024 18:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459425 ITAT Bangalore ruled in favor of the assessee on revision proceedings under section 263. The tribunal held that excluding depreciation and amortization expenses from operating costs was justified, following precedent from Amazon Development Centre case. Even if included, the operating margin would remain within prescribed +/-3% range, requiring no addition. The tribunal also determined that delivery and warranty expenses were post-sales activities and not part of AMP expenditure, making the CIT(TP)'s revision unjustified on this issue. Case-Laws Income Tax Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459425