https://www.taxtmi.com/caselaws?id=461218 Penalty under Section 271AA was held not warranted where the Transfer Pricing Officer made no adjustment to the international transactions and the assessee's transfer pricing documentation was found sufficient for assessment purposes. The Tribunal followed the view taken in the assessee's earlier year and sustained deletion of the penalty on the basis that, absent any transfer pricing adjustment, the alleged non-maintenance of documentation did not justify levy of penalty. en-us Tue, 06 Jun 2017 00:00:00 +0530 Fri, 21 Mar 2025 19:21:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461218 Penalty under Section 271AA was held not warranted where the Transfer Pricing Officer made no adjustment to the international transactions and the assessee's transfer pricing documentation was found sufficient for assessment purposes. The Tribunal followed the view taken in the assessee's earlier year and sustained deletion of the penalty on the basis that, absent any transfer pricing adjustment, the alleged non-maintenance of documentation did not justify levy of penalty. Case-Laws Income Tax Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461218