ITAT Sets Aside Section 271BA Penalty for Technical Delay in Filing Form 3CEB

Priya Blue Industries Pvt. Ltd. Vs DCIT (ITAT Ahmedabad)

ITAT Quashes ₹1 Lakh Penalty in Transfer Pricing Case Citing Procedural Default; ITAT Quashes S.271BA Penalty on Transfer Pricing Report Technical Default; ITAT Allows Assessee Appeal, Quashes Section 271BA Penalty Despite Late Electronic Filing; Tribunal Rules Penalty Under Section 271BA Not Sustainable for Pre-Search Filing of Form 3CEB. Procedural Default Cannot Attract Penalty: ITAT Sets Aside Section 271BA Levy. The Ahmedabad ITAT set aside a ₹1 lakh penalty under Section 271BA, ruling that failure to electr

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