https://www.taxtmi.com/caselaws?id=425392 The Tribunal upheld the deletion of a penalty imposed under section 271(1)(c) related to Transfer Pricing adjustments. It emphasized that the assessee conducted the Transfer Pricing study in good faith and with due diligence, in accordance with section 92C. The Tribunal found no specific defects in the study and dismissed the Revenue's appeal, upholding the deletion of the penalty. en-us Tue, 19 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 09:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425392 The Tribunal upheld the deletion of a penalty imposed under section 271(1)(c) related to Transfer Pricing adjustments. It emphasized that the assessee conducted the Transfer Pricing study in good faith and with due diligence, in accordance with section 92C. The Tribunal found no specific defects in the study and dismissed the Revenue's appeal, upholding the deletion of the penalty. Case-Laws Income Tax Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425392