Revenue Cannot Adjust AMP Expenses Without Tangible Evidence: Delhi HC

CIT-1 Vs Casio India Company Pvt. Ltd (Delhi High Court)

Delhi High Court, in the consolidated appeals filed by the Commissioner of Income Tax (CIT) against Casio India Company Private Limited, upheld the Income Tax Appellate Tribunal (ITAT)’s deletion of adjustments made by the Revenue concerning Advertisement, Marketing, and Promotion (AMP) expenses for the Assessment Years (AY) 2012-13 and 2013-14.

Factual Background and Case History

The core issue across the appeals concerned the transfer pricing adjustment made by the Reve

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