This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Penalty cannot be levied automatically for mere transfer pricing adjustment
Case Law Details
- Case Name
- Agility Logistics (P.) Ltd. Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2004-05
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Agility Logistics (P.) Ltd. V/s. DCIT (ITAT Mumbai) Mere addition on account of transfer pricing adjustment cannot automatically lead to levy of penalty u/s. 271(1)(c)
IN THE ITAT MUMBAI BENCH ‘A’
Agility Logistics (P.) Ltd. V/s. DCIT
IT APPEAL NO. 1552 (MUM.) OF 2012
[ASSESSMENT YEAR 2004-05]
Date of Pronouncement – 06.06.2012
ORDER
Rajendra Singh, Accountant Member
This appeal by the assessee is directed against the order dated 24.1.2012 of CIT(A) for the assessment year 2004-05. The only dispute raised by the assessee in this appeal is regarding levy of penalty of Rs...
