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Income Tax - Highlights / Catch Notes

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TP Adjustment - adjustment on account of AMP expenditure - We ...

Income Tax

November 22, 2022

TP Adjustment - adjustment on account of AMP expenditure - We are unable to accept the said contention of the learned counsel for the Revenue that since the Assessee herein is a ‘distributor’ for its AE, the corollary of this fact is that there exists an international transaction with respect to AMP expenditure, incurred by the Assessee. - HC

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