https://www.taxtmi.com/caselaws?id=281765 The High Court dismissed the appeal filed by the Revenue against the ITAT's decision to delete the penalty imposed on the Assessee for the Assessment Year 2006-07. The Court found that the Assessee did not engage in deliberate concealment of income or tax evasion, supporting the ITAT's decision. The Transfer Pricing Adjustment issue was addressed, with the Court upholding the ITAT's ruling. The lack of evidence for intentional wrongdoing by the Assessee led to the rejection of the Revenue's appeal, affirming the ITAT's decision. en-us Mon, 24 Apr 2017 00:00:00 +0530 Thu, 04 Aug 2022 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281765 The High Court dismissed the appeal filed by the Revenue against the ITAT's decision to delete the penalty imposed on the Assessee for the Assessment Year 2006-07. The Court found that the Assessee did not engage in deliberate concealment of income or tax evasion, supporting the ITAT's decision. The Transfer Pricing Adjustment issue was addressed, with the Court upholding the ITAT's ruling. The lack of evidence for intentional wrongdoing by the Assessee led to the rejection of the Revenue's appeal, affirming the ITAT's decision. Case-Laws Income Tax Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281765