TPO cannot determine the arm’s length price of an international transaction, which has not been referred to him by the AO

Delhi Tribunal Ruling –- the Transfer Pricing Officer (TPO) cannot determine the arm’s length price of an international transaction, which has not been referred to him by the Assessing Officer. When brand name is owned by the Associated Enterprise (AE) and the assessee incurs more than normal expenses on advertisement, marketing and promotion (AMP), the TPO cannot make adjustments considering that the AE did not reimburse the assessee for excess AMP expenses. [Amadeus India Pvt Ltd Vs. ACIT (2011-TII-22-ITAT¬DEL-TP)] Facts: Amadeus India Pvt Ltd (the assessee) was engaged in the business ...