https://www.taxtmi.com/caselaws?id=771303 ITAT Hyderabad upheld CIT(A)'s deletion of penalty under section 271AA. Assessee failed to file Form 3CEB within prescribed time under section 92E but had maintained required transfer pricing documents under section 92D. Tribunal held that non-filing of Form 3CEB attracts separate penalty under section 271AB, not section 271AA. Since assessee maintained requisite documents and furnished them when called for by tax authorities, penalty under section 271AA was not sustainable. Appeal by revenue dismissed. en-us Fri, 16 May 2025 00:00:00 +0530 Fri, 23 May 2025 08:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771303 ITAT Hyderabad upheld CIT(A)'s deletion of penalty under section 271AA. Assessee failed to file Form 3CEB within prescribed time under section 92E but had maintained required transfer pricing documents under section 92D. Tribunal held that non-filing of Form 3CEB attracts separate penalty under section 271AB, not section 271AA. Since assessee maintained requisite documents and furnished them when called for by tax authorities, penalty under section 271AA was not sustainable. Appeal by revenue dismissed. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771303