https://www.taxtmi.com/caselaws?id=409668 The Tribunal allowed the appeal, ordering the deletion of the penalty imposed under section 271AA. It was determined that only one transaction qualified as a specified domestic transaction under section 40A(2)(b), which did not exceed the specified limit. As a result, the transactions in question did not meet the criteria for SDTs, leading to the removal of penalties under sections 92D, 92E, and 271AA. en-us Mon, 12 Jul 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409668 The Tribunal allowed the appeal, ordering the deletion of the penalty imposed under section 271AA. It was determined that only one transaction qualified as a specified domestic transaction under section 40A(2)(b), which did not exceed the specified limit. As a result, the transactions in question did not meet the criteria for SDTs, leading to the removal of penalties under sections 92D, 92E, and 271AA. Case-Laws Income Tax Mon, 12 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409668