https://www.taxtmi.com/caselaws?id=326100 The Tribunal dismissed the Revenue's appeal, confirming that no penalty under section 271(1)(c) was imposable for the transfer pricing adjustments and the disallowance under section 40(a)(ia). The decision was based on the good faith and due diligence of the assessee, the debatable nature of the transfer pricing issue, and procedural fairness in penalty initiation. en-us Thu, 31 Mar 2016 00:00:00 +0530 Wed, 06 Apr 2016 09:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326100 The Tribunal dismissed the Revenue's appeal, confirming that no penalty under section 271(1)(c) was imposable for the transfer pricing adjustments and the disallowance under section 40(a)(ia). The decision was based on the good faith and due diligence of the assessee, the debatable nature of the transfer pricing issue, and procedural fairness in penalty initiation. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326100