2016 (11) TMI 1648 - SCH - Income Tax

TPA - AMP expenses - existence of an international transaction - whether advertising marketing and promotion expenses ( AMP ) incurred by the Assessee can be said to be incurred not only for the benefit of the Assessee but also by way of rendering the services of promoting the brand of the foreign associated enterprise ( AE ) namely B L USA? - Existence of an international transaction - re-characterization of its transaction involving its AE for the two years - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court of India in 2016 (11) TMI 1648 - SC Order, with judges Kurian Joseph and Rohinton Fali Nariman, granted leave and tagged the case with Civil Appeal No. 132 of 2016 after condoning the delay. Advocates for the petitioner included Zoheb Hossain, Karan Seth, Ms. S. Mehra, Ms. Somya Rathore, Ansh S. Luthra, and Mrs. Anil Katiyar.