TMI BlogPenalty Proceedings Invalid: Assessee Acted in Good Faith Based on Transfer Pricing Officer Orders; Penalty Set Aside.Validity of assessment of penalty proceedings - on the date of filing the return for the year under consideration the assessee was having benefit of orders passed by TPO - assessee’s action was in good faith - penalty set aside - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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