2015 (11) TMI 278 - HC - Income Tax

Transfer pricing adjustment - Whether selling expenses such as discounts and incentives/pricing adjustments should not be considered as part of AMP expenses? - Held that - It is not in dispute that paras 175 and 176 of the decision of this Court in Sony Ericsson Mobile Communications Pvt.Ltd. v. CIT-III 2015 (3) TMI 580 - DELHI HIGH COURT covers the issues raised in this appeal against the Revenue and in favour of the Assessee. It is further seen that this issue again stands answered in favour of the Assessee by the order dated 15th April 2015 passed by this Court in CIT v. MIS Amadeus India Pvt.Ltd. (2015 (6) TMI 590 - DELHI HIGH COURT).

Summary

The Delhi High Court dismissed the appeal in favor of the Assessee, citing previous decisions in favor of the Assessee. The appeal was dismissed based on the decisions in Sony Ericsson Mobile Communications Pvt.Ltd. v. CIT-III and CIT v. MIS Amadeus India Pvt.Ltd.