Income Tax Act

Taxman Disallows AMP Deductions Sought by MNCs

“Even as many multinationals have been litigating around AMP, the tax department is looking to explore whether deduction of advertising and marketing expenses toward the supposed foreign brand building would be disallowed. This is nothing but transfer pricing and AMP dispute in a new bottle,”

Munjal Almoula
Partner, Grant Thornton India LLP

This article appeared in Economic Times on 25th May, 2018.