Transfer pricing penalties risk for failure to maintain or furnish documentation and country reporting obligations. Penalties for failure to maintain or furnish transfer pricing information under sections 92D(1)-(4) are imposed by section 271AA as a percentage of each international or specified domestic transaction; additional fixed penalties apply for failure to furnish Master File or report from a chartered accountant and section 270A(9) treats failure to report international transactions as misreporting of income with enhanced tax consequences.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer pricing penalties risk for failure to maintain or furnish documentation and country reporting obligations.
Penalties for failure to maintain or furnish transfer pricing information under sections 92D(1)-(4) are imposed by section 271AA as a percentage of each international or specified domestic transaction; additional fixed penalties apply for failure to furnish Master File or report from a chartered accountant and section 270A(9) treats failure to report international transactions as misreporting of income with enhanced tax consequences.
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