https://www.taxtmi.com/caselaws?id=211784 The Tribunal upheld the CIT(A)'s decision to delete penalties under Sections 271G and 271AA of the Income-tax Act. The CIT(A) found that the assessee had presented required documentation to the Transfer Pricing Officer, who did not dispute it. The delay in filing Form 3CEB was due to reasonable causes, leading to the cancellation of penalties. The Tribunal agreed that the documentation was timely and complete, dismissing Revenue's appeals. en-us Fri, 17 Feb 2012 00:00:00 +0530 Tue, 03 Apr 2012 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211784 The Tribunal upheld the CIT(A)'s decision to delete penalties under Sections 271G and 271AA of the Income-tax Act. The CIT(A) found that the assessee had presented required documentation to the Transfer Pricing Officer, who did not dispute it. The delay in filing Form 3CEB was due to reasonable causes, leading to the cancellation of penalties. The Tribunal agreed that the documentation was timely and complete, dismissing Revenue's appeals. Case-Laws Income Tax Fri, 17 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211784