https://www.taxtmi.com/caselaws?id=464369 ITAT (Del) - AT held that penalty under section 271AA could not be sustained where the TPO made no transfer-pricing adjustment and the error in the transfer-pricing report was an inadvertent misstatement of method that was revenue neutral. Applying the Supreme Court principle disallowing penal consequences for human error, the tribunal accepted that there was no substantive defect in transfer pricing and waivered the penalty. The appeal of the assessee was allowed. en-us Tue, 06 Dec 2022 00:00:00 +0530 Sat, 25 Oct 2025 17:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464369 ITAT (Del) - AT held that penalty under section 271AA could not be sustained where the TPO made no transfer-pricing adjustment and the error in the transfer-pricing report was an inadvertent misstatement of method that was revenue neutral. Applying the Supreme Court principle disallowing penal consequences for human error, the tribunal accepted that there was no substantive defect in transfer pricing and waivered the penalty. The appeal of the assessee was allowed. Case-Laws Income Tax Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464369