2015 in the matter of penalty order
passed u/s.271G of the Income Tax Act, 1961.
2. The only issue to be decided ... justified in deleting the penalty levied u/s.271G of the IT Act
in the facts and circumstances of the case.
2
ITA No.5931
justified in deleting the penalty u/s. 271G of the Act by stating that the period
of sixty days should be counted from the date ... justified in deleting the penalty levied u/s. 271G of the Act by stating that there
no transfer pricing adjustment when it is mentioned
Appeals) deleting penalty of
Rs.14,84,099/- imposed under Section 271G of the Income Tax Act, 1961
(„Act‟ in short).
2. Tribunal ... documents. The Assessing Officer vide order dated
29.03.2011 imposed penalty under Section 271G recording that return of
income for the assessment year
right in deleting the penalty u/s 271G in
the assessee's case when he assessee had clearly failed in
maintaining the documentation ... 92CA(3) . The TPO had initiated the penalty u/s
271G of the Act, 1961 against the assessee for non-submission of details
called
penalty was levied by DCIT-1(3)(1), Mumbai, under section
271G of the Act vide order dated 29.07.2016.
2. The only issue in this ... against the order
of CIT(A) deleting the penalty under section 271G of the Act. For
this Revenue has raised the following two grounds
section 271E, section 271F, section 271FA,
99[section 271FAB,] section 271FB, section 271G,
1 [section 271GA,] 2[section 271GB,] section 271H,
3 [section
