https://www.taxtmi.com/caselaws?id=785066 Assesssment focuses on transfer pricing adjustments and related deductibility issues. AMP expenditures must be treated as part of operating cost for ALP determination; issue restored to AO/TPO for redetermination. Interest on overdue receivables is a separate international transaction requiring benchmarking; credit period of 30 days upheld and LIBOR + 200 bps directed as appropriate benchmark rate. Seminar and convention expenses characterized as advertisement/promotional expenditures are to be verified against precedents and allowed if compliant with judicial principles. Alleged double disallowance under accounting adjustments to be revisited and deleted if genuine double disallowance is found. en-us Tue, 13 Jan 2026 00:00:00 +0530 Fri, 16 Jan 2026 08:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785066 Assesssment focuses on transfer pricing adjustments and related deductibility issues. AMP expenditures must be treated as part of operating cost for ALP determination; issue restored to AO/TPO for redetermination. Interest on overdue receivables is a separate international transaction requiring benchmarking; credit period of 30 days upheld and LIBOR + 200 bps directed as appropriate benchmark rate. Seminar and convention expenses characterized as advertisement/promotional expenditures are to be verified against precedents and allowed if compliant with judicial principles. Alleged double disallowance under accounting adjustments to be revisited and deleted if genuine double disallowance is found. Case-Laws Income Tax Tue, 13 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785066