Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (4) TMI 577 - ITAT DELHILevy of penalty u/s 271(1)(c) - Transfer pricing adjustment - Held that:- As the adjustment made and confirmed by the Tribunal on account of arm’s length price in respect of interest free loan provided by the appellant to its wholly owned subsidiaries has been admitted by the Hon’ble High Court, so is clearly a debatable issue and so penalty levied cannot be sustained, so we order deletion of it. - Decided in favour of assessee
|