{"id":14486,"date":"2020-12-14T16:20:02","date_gmt":"2020-12-14T16:20:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/transfer-pricing-adjustment-2\/"},"modified":"2020-12-17T03:13:24","modified_gmt":"2020-12-17T03:13:24","slug":"transfer-pricing-adjustment-2","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/transfer-pricing-adjustment-2\/","title":{"rendered":"Transfer Pricing adjustment"},"content":{"rendered":"<p>I refer to Question 80 of FAQ wherein it is mentioned that appeal in respect to penalties which are not in relation to quantum assessment needs to be settled separately.<\/p>\n<p>For one of my client, we have received penalty notice under section 271(1)(c), 271AA and 271G, here it is important to mention that penalty is only initiated and no penalty order is yet passed by the AO. Our clients are going in VsV for quantum appeal.<\/p>\n<p>If our clients opt for VsV for quantum whether penalty under section 271(1)(c), 271AA and 271G which was initiated but not levied would be waived off?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I refer to Question 80 of FAQ wherein it is mentioned that appeal in respect to penalties which are not in relation to quantum assessment needs to be settled separately. For one of my client, we have received penalty notice under section 271(1)(c), 271AA and 271G, here it is important to mention that penalty is only initiated and no penalty order is yet passed by the AO. Our clients are going in VsV for quantum appeal. If our clients opt for VsV for quantum whether penalty under section 271(1)(c), 271AA and 271G which was initiated but not levied would be waived off?<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/transfer-pricing-adjustment-2\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-14486","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/14486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14486"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14486"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14486"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=14486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}