Penalty u/s 271 (1)(c) - TP adjustment - TPO included Government ...

Case Laws Income Tax

July 8, 2019

Penalty u/s 271 (1)(c) - TP adjustment - TPO included Government Companies which are now cannot be treated as good comparable as per certain decisions - if these will be excluded, Arithmetic mean is approximate to the working of the assessee hence it is not a case of concealment of income or furnishing of the inaccurate particulars - assessee has acted in good faith and with due diligence so no penalty is leviable

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Penalty u/s 271 (1)(c) - TP adjustment - TPO included Government ...

Case Laws Income Tax

July 8, 2019

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