https://www.taxtmi.com/caselaws?id=372820 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271G, finding that the Assessee complied with documentation requirements and the unique nature of the diamond business made strict adherence to the CUP method impractical. The Tribunal noted the Revenue failed to effectively counter the CIT(A)'s findings, leading to the dismissal of the Revenue's appeal on 27.12.2018. en-us Thu, 27 Dec 2018 00:00:00 +0530 Mon, 31 Dec 2018 07:35:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372820 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271G, finding that the Assessee complied with documentation requirements and the unique nature of the diamond business made strict adherence to the CUP method impractical. The Tribunal noted the Revenue failed to effectively counter the CIT(A)'s findings, leading to the dismissal of the Revenue's appeal on 27.12.2018. Case-Laws Income Tax Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372820