Penalties u/ss 271AA and 271BA invalidated as assessee not associated with KEPTL for relevant year.

Penalty u/s 271AA and 271BA - TP adjustment - Failure to provide or maintain specific Information / Documents - As the assessee is not associated enterprises of KEPTL for the year under consideration, we are of the view that when the very basis of the foundation of impugned penalties has been set aside, thus, the penalty order would also not survive. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X