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No Penalty u/s 271(1)(c) for Transfer Pricing Adjustment; Transaction Value Considered "Nil" Instead of Disallowed.
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....Penalty u/s. 271(1)(c) - T.P. adjustment - It is not a case of a disallowance of any claim of expenditure under section 37(1) albeit the value of the transaction has been taken at “Nil”. - No penalty - AT....
TaxTMI
TaxTMI