https://www.taxtmi.com/caselaws?id=431519 The ITAT allowed the appeal against disallowance under Section 40(a)(ia) as the assessee proved payment of interest for non-deduction of tax, thus not defaulting. The Arm's Length price adjustment issue was not contested and therefore not addressed in the judgment. Penalty proceedings under sections 271(1)(C) and 271BA were not discussed as these grounds were not pressed during the hearing. en-us Fri, 09 Dec 2022 00:00:00 +0530 Thu, 15 Dec 2022 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431519 The ITAT allowed the appeal against disallowance under Section 40(a)(ia) as the assessee proved payment of interest for non-deduction of tax, thus not defaulting. The Arm's Length price adjustment issue was not contested and therefore not addressed in the judgment. Penalty proceedings under sections 271(1)(C) and 271BA were not discussed as these grounds were not pressed during the hearing. Case-Laws Income Tax Fri, 09 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431519