https://www.taxtmi.com/caselaws?id=212487 The penalty under Section 271AA of the Income-tax Act, 1961, amounting to Rs. 1,88,11,365/- imposed on the assessee was deleted by the CIT(Appeals) as the TPO did not specify any particular document failure under Rule 10D. The Tribunal upheld this decision, emphasizing the substantial compliance of documentation by the assessee and the lack of specific inadequacies pointed out by the TPO. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. en-us Fri, 21 Oct 2011 00:00:00 +0530 Sat, 30 Apr 2016 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212487 The penalty under Section 271AA of the Income-tax Act, 1961, amounting to Rs. 1,88,11,365/- imposed on the assessee was deleted by the CIT(Appeals) as the TPO did not specify any particular document failure under Rule 10D. The Tribunal upheld this decision, emphasizing the substantial compliance of documentation by the assessee and the lack of specific inadequacies pointed out by the TPO. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. Case-Laws Income Tax Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212487