Transfer Pricing – No Penalty U/s. 271G for failure to respond to ‘omnibus’ notice

 Deputy Commissioner of Income Tax V/s Ms. Leroy Somer & Controls (India) (P) Ltd., (ITAT Delhi) ITA No. 1330/Del/2011 (Assessment Year:- 2005- 06) Date of hearing – 29-09-2011 Date of pronouncement – 30-09-2011 ORDER- A N Pahuja: This appeal filed on 15.3.2011 by the Revenue against an order dated 31-01-2011 of the ld. CIT(Appeals)- XX, New Delhi, for the Assessment Year 2005-06, raises the following grounds:- “1. The order of the learned CIT(A) is erroneous and contrary to facts and law. 2 On the facts and in the circumstances of the case and in law...