https://www.taxtmi.com/caselaws?id=779504 ITAT MUMBAI - AT allowed the appeal against TP adjustments for AMP expenses, holding there was no international transaction and the Revenue failed to prove otherwise; Chapter X provisions and TPO adjustments were not invocable, and earlier Tribunal precedent in favour of the assessee was followed. Grounds challenging the AMP-related adjustments were allowed. On foreign tax credit, the assessee had filed an application under s.154 seeking correction and relief; the A.O. was directed to consider that s.154 application and pass a reasoned order. en-us Thu, 18 Sep 2025 00:00:00 +0530 Fri, 03 Oct 2025 15:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779504 ITAT MUMBAI - AT allowed the appeal against TP adjustments for AMP expenses, holding there was no international transaction and the Revenue failed to prove otherwise; Chapter X provisions and TPO adjustments were not invocable, and earlier Tribunal precedent in favour of the assessee was followed. Grounds challenging the AMP-related adjustments were allowed. On foreign tax credit, the assessee had filed an application under s.154 seeking correction and relief; the A.O. was directed to consider that s.154 application and pass a reasoned order. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779504