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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Penalty u/s 271G - international transactions with its AE of ...

Income Tax

May 25, 2021

Penalty u/s 271G - international transactions with its AE of import of rough diamonds which were sold to the third parties - once the TPO has accepted the bench marking of the assessee to be at Arm Length, the penalty under section 271G of the Act can not be levied. - AT

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