https://www.taxtmi.com/caselaws?id=382317 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the penalty under section 271G for the assessment year 2012-13. The Tribunal found the Assessee had maintained essential information for benchmarking international transactions under TNMM, which was accepted by the Transfer Pricing Officer despite the lack of segment-wise details for the CUP method. The Tribunal emphasized the Assessee's compliance and the Officer's authority to determine the arm's length price independently, leading to the unsustainable nature of the penalty imposition. en-us Mon, 15 Apr 2019 00:00:00 +0530 Tue, 09 Jun 2026 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382317 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the penalty under section 271G for the assessment year 2012-13. The Tribunal found the Assessee had maintained essential information for benchmarking international transactions under TNMM, which was accepted by the Transfer Pricing Officer despite the lack of segment-wise details for the CUP method. The Tribunal emphasized the Assessee's compliance and the Officer's authority to determine the arm's length price independently, leading to the unsustainable nature of the penalty imposition. Case-Laws Income Tax Mon, 15 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382317