The case pertains to the levy of penalty u/s 271G for failure to furnish documents and information u/ss...

The case pertains to the levy of penalty u/s 271G for failure to furnish documents and information u/ss 92CA/92D. The key points are: The Transfer Pricing Officer (TPO) and Assessing Officer (AO) did not find the information/explanations provided by the assessee during transfer pricing assessment proceedings to be inaccurate or insufficient to determine the arm's length price. The TPO acknowledged that the assessee furnished the required details and information. There was no finding recorded by the TPO that the assessee lacked bona fides or displayed indifference in producing records, preventing the TPO from determining the arm's length price. Significantly, the Transfer Pricing adjustment made by the TPO was deleted by the Dispute Resoluti..... .....

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