https://www.taxtmi.com/highlights?id=55176 Penalty u/s 271(1)(c) & 271AA - It is mandatory requirement to obtain an independent accountant’s report/documents in respect of specified domestic transactions with Associated Enterprises as per Section 92D of the Act and this mandate cannot be diluted by the so called reasonable cause given under Section 273B - AO was right in imposing the penalty - AT en-us Thu, 15 Oct 2020 14:45:13 +0530 Thu, 15 Oct 2020 14:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55176 Penalty u/s 271(1)(c) & 271AA - It is mandatory requirement to obtain an independent accountant’s report/documents in respect of specified domestic transactions with Associated Enterprises as per Section 92D of the Act and this mandate cannot be diluted by the so called reasonable cause given under Section 273B - AO was right in imposing the penalty - AT Highlights Income Tax Thu, 15 Oct 2020 14:45:13 +0530 https://www.taxtmi.com/highlights?id=55176