![AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AMP-Expenses-International-Transaction-evidence-Delhi-HC-ITAT-taxscan.jpg "AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]")
AMP Expenses incurred cannot be termed as an International Transaction in absence of evidence: Delhi HC upholds order of ITAT [Read Order]
The Delhi High Court has held that AMP expenses incurred cannot be termed as an international transaction in absence of evidence and upheld the order...
![Relief to Adidas: AMP Expenses Incurred for Own Benefit not Amount to International Transaction, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Adidas-AMP-Expenses-Benefit-International-Transaction-ITAT-taxscan.jpeg "Relief to Adidas: AMP Expenses Incurred for Own Benefit not Amount to International Transaction, rules ITAT [Read Order]")
![Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Ferrero-India-ITAT-ALP-taxscan.jpeg "Relief to Ferrero India: ITAT holds on absence of international transaction determination of ALP not necessary [Read Order]")
![International Transaction of Information Technology Enabled Services can be calculated under Arm’s Length: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/International-transaction-Information-Technology-Services-Arms-Length-ITAT-taxscan.jpg "International Transaction of Information Technology Enabled Services can be calculated under Arm’s Length: ITAT [Read Order]")
![International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/International-Transaction-benchmarked-Custom-Valuation-Data-ITAT-taxscan.jpeg "International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]")
AO cannot apply Wrong Method to Determine Profit in the Absence of Audited Financials of AE: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the AO cannot give benefit to the assessee for non-cooperation in providing audited financials of associated enterprises...
![AO cannot apply Wrong Method to Determine Profit in the Absence of Audited Financials of AE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/AO-Wrong-Method-Determine-Profit-Absence-Audited-Financials-of-AE-ITAT-Taxscan.jpeg "AO cannot apply Wrong Method to Determine Profit in the Absence of Audited Financials of AE: ITAT [Read Order]")
Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal has held that corporate guarantee falls within the scope and ambit of international transaction and Arm’s Length Price (ALP) applicable at 0.5%. ...
![Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Corporate-Guarantee-Scope-Ambit-International-Transaction-ALP-Applicable-ITAT-taxscan.jpeg "Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]")
‘Corporate Guarantee’ can be treated as ‘International Transaction’: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Corporate Guarantee’ cannot be treated as an ‘international transaction’ for the purpose of section 92 of the Income Tax...
![‘Corporate Guarantee’ can be treated as ‘International Transaction’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Corporate-Guarantee-International-Transaction-ITAT-Taxscan.jpg "‘Corporate Guarantee’ can be treated as ‘International Transaction’: ITAT [Read Order]")
AMP expenditure of Samsung India Electronics can’t be considered as an International Transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that the Advertisement, Marketing and Promotion (AMP) of Samsung India cannot be considered as an international transaction. ...
![AMP expenditure of Samsung India Electronics can’t be considered as an International Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/AMP-expenditure-of-Samsung-India-Electronics-international-transaction-ITAT-samsung-Taxscan.jpg "AMP expenditure of Samsung India Electronics can’t be considered as an International Transaction: ITAT [Read Order]")
![AMP expenditure of Nikon India can’t be considered as an International Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/AMP-expenditure-Nikon-India-International-Transaction-ITAT-AMP-Taxscan.jpg "AMP expenditure of Nikon India can’t be considered as an International Transaction: ITAT [Read Order]")
CBDT notifies Tolerance Limit of 1% for Wholesale Traders and 3% for others under transfer pricing for AY 2020-21 [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the tolerance limit of 1% for wholesale traders and 3% for others under transfer pricing for Assessment Year 2020-21. The Central Government...
![CBDT notifies Tolerance Limit of 1% for Wholesale Traders and 3% for others under transfer pricing for AY 2020-21 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/10/CBDT-tolerance-limit-wholesale-traders-transfer-pricing-Taxscan.jpg "CBDT notifies Tolerance Limit of 1% for Wholesale Traders and 3% for others under transfer pricing for AY 2020-21 [Read Notification]")