https://www.taxtmi.com/highlights?id=57838 Penalty u/s 271G - under TNMM adopted by the assessee, the profit of the international transaction has to be furnished, whereas the assessee has only furnished the entity level margins which consists of overall profits on AE and significant non non-AE transactions - reasonable cause for non-compliance - In the interest of justice, we vacate the order of learned CIT(A) and set aside the issue to the learned CIT(A). - AT en-us Tue, 04 May 2021 11:23:29 +0530 Tue, 04 May 2021 11:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57838 Penalty u/s 271G - under TNMM adopted by the assessee, the profit of the international transaction has to be furnished, whereas the assessee has only furnished the entity level margins which consists of overall profits on AE and significant non non-AE transactions - reasonable cause for non-compliance - In the interest of justice, we vacate the order of learned CIT(A) and set aside the issue to the learned CIT(A). - AT Highlights Income Tax Tue, 04 May 2021 11:23:29 +0530 https://www.taxtmi.com/highlights?id=57838