Penalties Imposed on Assessee for Non-Compliance with Transfer Pricing Rules u/ss 271AA and 271G of Income Tax Act.

Penalties Imposed on Assessee for Non-Compliance with Transfer Pricing Rules u/ss 271AA and 271G of Income Tax Act. https://www.taxtmi.com/highlights?id=40080 Penalty - assessee has not been able to show any reasonable cause for not complying with Rules nor for its failure to produce information called for by the ld. TPO. - levy of penalty u/s 271AA as well as 271G of the Act were justified. en-us Fri, 22 Jun 2018 08:29:30 +0530 Fri, 22 Jun 2018 08:29:30 +0530 TaxTMI RSS Generator Penalties Imposed on Assessee for Non-Compliance with Transfer Pricing Rules u/ss 271AA and 271G of Income Tax Act. https://www.taxtmi.com/highlights?id=40080 Penalty - assessee has not been able to show any reasonable cause for not complying with Rules nor for its failure to produce information called for by the ld. TPO. - levy of penalty u/s 271AA as well as 271G of the Act were justified. Highlights Income Tax Fri, 22 Jun 2018 08:29:30 +0530 https://www.taxtmi.com/highlights?id=40080