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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Penalty u/s 271(1)(c) - ALP determination - an honest difference ...


No Penalty for Honest Disagreement on Arm's Length Price u/s 271(1)(c) Between Taxpayer and Revenue.

June 17, 2016

Case Laws     Income Tax     AT

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

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