Thursday, 30 January 2014

Matter remanded to decide reasonableness of AMP exp. incurred on brand promotion of AE as per ratio

IT/ILT: Where TPO made adjustment to assessee's ALP taking a view that AMP expenses incurred by assessee on brand promotion of its AE located abroad were excessive, matter was to be remanded back for quantification of AMP expenses in accordance with decision of Special Bench in case of LG Electronics India (P.) Ltd. v. Asstt. CIT [2013] 140 ITD 41/29 taxmann.com 300 (Delhi)


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