TMI BlogNo Penalty for Honest Disagreement on Arm's Length Price u/s 271(1)(c) Between Taxpayer and Revenue.Penalty u/s 271(1)(c) - ALP determination - an honest difference of opinion between the assessee and the Revenue can never be a cause for imposition of penalty. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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