AO Cannot Presume International Transaction Merely Based on High AMP Spend

Bundy India Limited Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad: TP Adjustment on AMP Expenditure Deleted for Lack of International Transaction Evidence; Transfer Pricing: No Adjustment on AMP Spend Without Proving AE Benefit, Rules ITAT Ahmedabad; Mere Incurrence of AMP Expenses Doesn’t Constitute International Transaction; ITAT Deletes TP Addition on AMP Spend Citing Absence of AE Agreement or Reimbursement Clause; MAP Margin Applies Beyond Borders – ITAT Ahmedabad Follows Earlier Ruling, Sends Bundy India’s TP Issues Back to TPO. The appeal before the Income Tax Appellate Tribunal (ITAT),...