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2016 (4) TMI 957 - AT - Income TaxPenalty u/s 271G - Penalty for failure to furnish information or document under section 92D - Held that:- Substantial compliance before the order of the Ld. TPO and failure of the revenue to point out specifically which information was not provided by Assessee in time and most importantly based on the documentation provided by the Assessee no adjustment is proposed by the TPO and further the penalty is levied for non-furnishing’ TP Study Report’which is not a specified document under Rule 10D in time though available before passing of the order we cancel the penalty levied u/s 271G - Decided in favour of assessee
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