https://www.taxtmi.com/caselaws?id=374889 The ITAT Delhi partially allowed the penalty appeal for Assessment Year 2006-07 and fully allowed the appeal for Assessment Year 2007-08. The penalty proceedings were remanded back to the Assessing Officer for reassessment in consideration of the Tribunal's decision on the transfer pricing adjustments, indicating a favorable outcome for the appellant in challenging the penalties imposed. en-us Wed, 06 Feb 2019 00:00:00 +0530 Tue, 12 Feb 2019 07:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374889 The ITAT Delhi partially allowed the penalty appeal for Assessment Year 2006-07 and fully allowed the appeal for Assessment Year 2007-08. The penalty proceedings were remanded back to the Assessing Officer for reassessment in consideration of the Tribunal's decision on the transfer pricing adjustments, indicating a favorable outcome for the appellant in challenging the penalties imposed. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374889