https://www.taxtmi.com/caselaws?id=395538 The Tribunal allowed the appeals, ruling that the parties were not associated enterprises under section 92A, thereby invalidating the penalties imposed under sections 271AA and 271BA. The decision was based on the legislative intent behind section 92A(2), binding judicial precedents, and the principle that lower courts must follow higher judicial decisions. en-us Fri, 28 Feb 2020 00:00:00 +0530 Wed, 27 May 2020 11:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395538 The Tribunal allowed the appeals, ruling that the parties were not associated enterprises under section 92A, thereby invalidating the penalties imposed under sections 271AA and 271BA. The decision was based on the legislative intent behind section 92A(2), binding judicial precedents, and the principle that lower courts must follow higher judicial decisions. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395538