https://www.taxtmi.com/caselaws?id=779253 HC quashed and set aside the penalty under s.270A arising from a Transfer Pricing adjustment and remanded the matter to Respondent No.1. The court directed Respondent No.1 to afford a virtual hearing as required by the Faceless Penalty (Amendment) Scheme, 2022, consider the APA dated 21.12.2021, the modified return filed under s.92CD(1), payment of tax, absence of any s.92CD(3) order, and prior dropping of penalty for AY2016-17, and thereafter pass a fresh speaking, reasoned order within 12 weeks, with the taxpayer to cooperate. en-us Tue, 09 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779253 HC quashed and set aside the penalty under s.270A arising from a Transfer Pricing adjustment and remanded the matter to Respondent No.1. The court directed Respondent No.1 to afford a virtual hearing as required by the Faceless Penalty (Amendment) Scheme, 2022, consider the APA dated 21.12.2021, the modified return filed under s.92CD(1), payment of tax, absence of any s.92CD(3) order, and prior dropping of penalty for AY2016-17, and thereafter pass a fresh speaking, reasoned order within 12 weeks, with the taxpayer to cooperate. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779253