M/S. STERLITE INDUSTRIES (INDIA) LTD.,MADURAI vs. ADDITIONAL CIT, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Transfer Pricing Officer. The Assessing Officer has simply initiated the penalty proceeding under Section 271G of the Act without indicating

ACIT, CHENNAI vs. M/S. STERLITE INDUSTRIES (INDIA) LTD., TUTICORIN

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Transfer Pricing Officer. The Assessing Officer has simply initiated the penalty proceeding under Section 271G of the Act without indicating

M/S STERLITE INDUSTRIES (INDIA) LTD.,TUTICORIN vs. DCIT, CHENNAI

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Transfer Pricing Officer. The Assessing Officer has simply initiated the penalty proceeding under Section 271G of the Act without indicating

ACIT, CHENNAI vs. M/S. STERLITE INDUSTRIES (INDIA) LTD., TUTICORIN

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.318 & 319/Mds/2008 "नधा"रण वष" / Assessment Year : 2004-05 आयकर अपील सं./Ita No. 1020/Mds/2010 "नधा"रण वष" / Assessment Year : 2005-06 आयकर अपील सं./Ita No. 1665/Mds/2010 "नधा"रण वष" / Assessment Year : 2006-07

Transfer Pricing Officer. The Assessing Officer has simply initiated the penalty proceeding under Section 271G of the Act without indicating

INDIA PISTONS LTD,CHENNAI vs. ACIT, CORPORATE CIRCLE-2(3), CHENNAI

In the result, the appeals of the assessee are dismissed

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.2207 & 2208/Chny/2017 "नधा"रण वष" /Assessment Years : 2004-05 & 2004-05. M/S.India Pistons Ltd, Vs. The Assistant Commissioner Arjay Apex Centre, Of Income Tax, No.24, College Road, Corporate Circle 2(3) Chennai 600 026. Chennai 600 034. [Pan Aaaci 1439E] (अपीलाथ"/Appellant) (""यथ"/Respondent)

271G of the Act:- If any person who has entered into an international transaction or specified domestic transaction fails to furnish any such information or document as required by sub-section (3) of section 92D, the Assessing Officer “or the Transfer Pricing

AUGUSTAN KNITWEAR P LTD.,COIMBATORE vs. ACIT, COIMBATORE

In the result, the appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

271G of the Act. Sec 271AA. Without prejudice to the provisions of Sec 271 or section 271BA, if any person in respect of an international transaction [or specified domestic transaction] (i) Fails to keep and maintain any such information and document as required by sub-section (1) or sub-section (2) of Section 92D. (ii) Fails to report such transaction

DCIT, CHENNAI vs. DISHNET WIRELESS LTD., CHENNAI

In the result, the Revenue’s appeal is dismissed

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

section 271G are applicable and initiated penalty proceedings. Although the assessee had pleaded before the Assessing Officer that there had been a change in the management of the Appellant Company due to which it did not have exhaustive documentation to support its contention etc, the AO disregarded them and levied penalty. In support, the AR invited our attention