Relief to Adidas: AMP Expenses Incurred for Own Benefit not Amount to International Transaction, rules ITAT [Read Order]

Adidas - AMP Expenses - Benefit - International Transaction - ITAT - taxscan

The Income Tax Appellate Tribunal ( ITAT ), New Delhi, has recently, in an appeal preferred before it, held that, AMP expenses incurred for own benefit will not amount to international transaction. The aforesaid observation was made by the Tribunal when an appeal was preferred before it by the Revenue for the Assessment Year 2009-…

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