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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Penalty u/s. 271(1)(c) - T.P. adjustment - It is not a case of a ...


No Penalty u/s 271(1)(c) for Transfer Pricing Adjustment; Transaction Value Considered "Nil" Instead of Disallowed.

November 5, 2016

Case Laws     Income Tax     AT

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

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