https://www.taxtmi.com/caselaws?id=754188 The ITAT dismissed the revenue's appeal, affirming the Ld. CIT(A)'s decision to delete the penalty under section 271G. The ITAT found that despite the complexities of the diamond industry, the assessee substantially complied by attempting to provide the requested data, and no Arm's Length Price adjustment was necessary. en-us Wed, 03 Jan 2024 00:00:00 +0530 Tue, 18 Jun 2024 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754188 The ITAT dismissed the revenue's appeal, affirming the Ld. CIT(A)'s decision to delete the penalty under section 271G. The ITAT found that despite the complexities of the diamond industry, the assessee substantially complied by attempting to provide the requested data, and no Arm's Length Price adjustment was necessary. Case-Laws Income Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754188