https://www.taxtmi.com/caselaws?id=362271 The Tribunal upheld penalties under Sections 271AA and 271G against the assessee for failing to maintain and provide necessary documents as required by Rule 10D and Section 92D of the Income Tax Act. The Tribunal rejected the assessee's arguments of substantial compliance and the contention that external comparables were unnecessary under the Cost Plus Method. The penalties imposed by lower authorities were confirmed, and the appeals were dismissed. en-us Mon, 18 Jun 2018 00:00:00 +0530 Fri, 22 Jun 2018 08:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362271 The Tribunal upheld penalties under Sections 271AA and 271G against the assessee for failing to maintain and provide necessary documents as required by Rule 10D and Section 92D of the Income Tax Act. The Tribunal rejected the assessee's arguments of substantial compliance and the contention that external comparables were unnecessary under the Cost Plus Method. The penalties imposed by lower authorities were confirmed, and the appeals were dismissed. Case-Laws Income Tax Mon, 18 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362271