Penalty u/s 271 (1) (c) - adoption of multiple year data OR ...

No Penalty for Using Multiple Year Data in ALP Due to Debatable Issue: Section 271(1)(c) Interpretation.

August 9, 2019

Case Laws Income Tax HC

Penalty u/s 271 (1) (c) - adoption of multiple year data OR single year data for determining ALP - the fact remains that the legislature thought it necessary to clarify that the data that was required to be used had to necessarily relate to the financial year in question and not to multiple year data - during the AY in question, the issue was debatable - no penalty

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Penalty u/s 271 (1) (c) - adoption of multiple year data OR ...

No Penalty for Using Multiple Year Data in ALP Due to Debatable Issue: Section 271(1)(c) Interpretation.

August 9, 2019

Case Laws Income Tax HC

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