Bombay HC Admits AMP & Doctors’ Payment Issues as They Raise Substantial Questions of Law

PCIT Vs India Medtronic Pvt. Ltd. (Bombay High Court) The Bombay High Court considered an appeal filed by the Revenue against the order dated 17 January 2018 passed by the Income Tax Appellate Tribunal, Mumbai Bench, for Assessment Year 2010-11. The Revenue proposed three substantial questions of law relating to (i) whether Advertisement, Marketing and Promotion (AMP) expenditure constituted an international transaction under Sections 92B and 92B(1) of the Income-tax Act, (ii) whether the Tribunal was justified in deleting the disallowance of depreciation on plant, machinery and building despi...