https://www.taxtmi.com/highlights?id=48548 Penalty u/s 271 (1) (c) - adoption of multiple year data OR single year data for determining ALP - the fact remains that the legislature thought it necessary to clarify that the data that was required to be used had to necessarily relate to the financial year in question and not to multiple year data - during the AY in question, the issue was debatable - no penalty en-us Fri, 09 Aug 2019 07:22:26 +0530 Fri, 09 Aug 2019 07:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48548 Penalty u/s 271 (1) (c) - adoption of multiple year data OR single year data for determining ALP - the fact remains that the legislature thought it necessary to clarify that the data that was required to be used had to necessarily relate to the financial year in question and not to multiple year data - during the AY in question, the issue was debatable - no penalty Highlights Income Tax Fri, 09 Aug 2019 07:22:26 +0530 https://www.taxtmi.com/highlights?id=48548