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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Penalty u/s 271G - assessee applied TNMM for determining of ALP ...


Taxpayer Avoids Penalty u/s 271G After Tax Officer Accepts TNMM for Arm's Length Price Benchmarking.

July 1, 2019

Case Laws     Income Tax     AT

Penalty u/s 271G - assessee applied TNMM for determining of ALP - information/documents sought for determining of ALP as per CUP method - the difficulty in maintaining the information sought by the TPO has been well explained and analysed - allegation of the TPO that by non furnishing of documents has prevented him from determining the ALP under CUP method is unacceptable when he has accepted the benchmarking of the assessee - no penalty

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