CORPORATE AND PROFESSIONAL UPDATES 2ND MAY 2018
Direct Tax: HC allows assessee’s [engaged in the business of golf equipment, packaged kits and accessories etc.] appeal against ITAT’s remand of Advertising, Marketing and Promotion (AMP) adjustment back to TPO/AO; Notes that TPO had made an adjustment on account of assessee’s AMP expenses by applying bright line test and in appeal ITAT had remanded …