https://www.taxtmi.com/caselaws?id=802478 Penalty under section 271G for failure to furnish transfer pricing information is not sustainable where the taxpayer substantially complies with prescribed requirements and unavailable third-party information falls outside those obligations. The penalty applies to documents or information prescribed under Rule 10D and requisitioned under section 92D. Furnishing the valuation report, transfer pricing documentation and other available material may constitute substantial compliance. Additional information may be sought directly from the third party or valuer. Acceptance of the valuation in quantum proceedings further undermines the alleged basis for non-furnishing. en-us Mon, 12 Oct 2026 00:00:00 +0530 Fri, 06 Nov 2026 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802478 Penalty under section 271G for failure to furnish transfer pricing information is not sustainable where the taxpayer substantially complies with prescribed requirements and unavailable third-party information falls outside those obligations. The penalty applies to documents or information prescribed under Rule 10D and requisitioned under section 92D. Furnishing the valuation report, transfer pricing documentation and other available material may constitute substantial compliance. Additional information may be sought directly from the third party or valuer. Acceptance of the valuation in quantum proceedings further undermines the alleged basis for non-furnishing. Case-Laws Income Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802478