Dismissing the appeal of the revenue the Tribunal held that information regarding international Transactions maintained properly in Transfer Pricing Report and the Revenue had failed to point out any fallacy in the findings of the Commissioner (Appeals). (AY.2011-12)
ACIT v. Micromax Informatics Ltd. (2020)84 ITR 19 (SN) (Delhi) (Trib.)
S. 271AA : Penalty-Failure to keep and maintain books of accounts-Documents-International transaction-Transfer pricing-Information regarding international Transactions maintained properly in Transfer Pricing Report-Deletion of penalty is held to be justified. [S. 92, 92C, 92D, 92E, R. 10D, Form 3CEB]