https://www.taxtmi.com/caselaws?id=438631 The Tribunal dismissed the Revenue's appeals and upheld the deletion of penalties under Section 271(1)(c) for assessment years 2006-07 and 2007-08. The penalties were deleted based on transfer pricing adjustments and disallowance of provisions for doubtful debts in 2006-07, and transfer pricing adjustments and denial of deduction under Section 10A in 2007-08. The Tribunal found the penalties unjustified as the adjustments were not intentional misreporting but resulted from changes in filters, comparables, or factual errors rectified through proper procedures. en-us Tue, 28 Feb 2023 00:00:00 +0530 Tue, 06 Jun 2023 08:42:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438631 The Tribunal dismissed the Revenue's appeals and upheld the deletion of penalties under Section 271(1)(c) for assessment years 2006-07 and 2007-08. The penalties were deleted based on transfer pricing adjustments and disallowance of provisions for doubtful debts in 2006-07, and transfer pricing adjustments and denial of deduction under Section 10A in 2007-08. The Tribunal found the penalties unjustified as the adjustments were not intentional misreporting but resulted from changes in filters, comparables, or factual errors rectified through proper procedures. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438631