https://www.taxtmi.com/highlights?id=72804 Penalty u/s. 271(1)(c) - Transfer pricing adjustment - Debatable issue - Base Erosion Theory - Reading a particular paragraph of the observations of the AO’s order reproduced by the CIT(A) itself would indicate that there were two views possible and that the issue was debatable. - Penalty was rightly deleted - HC en-us Mon, 30 Oct 2023 08:51:02 +0530 Mon, 30 Oct 2023 08:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72804 Penalty u/s. 271(1)(c) - Transfer pricing adjustment - Debatable issue - Base Erosion Theory - Reading a particular paragraph of the observations of the AO’s order reproduced by the CIT(A) itself would indicate that there were two views possible and that the issue was debatable. - Penalty was rightly deleted - HC Highlights Income Tax Mon, 30 Oct 2023 08:51:02 +0530 https://www.taxtmi.com/highlights?id=72804