https://www.taxtmi.com/highlights?id=47760 Penalty u/s 271 (1)(c) - TP adjustment - TPO included Government Companies which are now cannot be treated as good comparable as per certain decisions - if these will be excluded, Arithmetic mean is approximate to the working of the assessee hence it is not a case of concealment of income or furnishing of the inaccurate particulars - assessee has acted in good faith and with due diligence so no penalty is leviable en-us Mon, 08 Jul 2019 07:53:20 +0530 Mon, 08 Jul 2019 07:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47760 Penalty u/s 271 (1)(c) - TP adjustment - TPO included Government Companies which are now cannot be treated as good comparable as per certain decisions - if these will be excluded, Arithmetic mean is approximate to the working of the assessee hence it is not a case of concealment of income or furnishing of the inaccurate particulars - assessee has acted in good faith and with due diligence so no penalty is leviable Highlights Income Tax Mon, 08 Jul 2019 07:53:20 +0530 https://www.taxtmi.com/highlights?id=47760