S.N. EXPORTS,NEW DELHI vs. ITO WARD-4, , PANIPAT

In the result, all the appeals of Revenue are dismissed

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.

transfer pricing (TP) adjustment made in respect of a particular transaction, there cannot be any levy of penalty u/s 271G of the Act. Reliance in this regard is placed on the decision of the Coordinate Bench of Mumbai Tribunal in the case of DCIT Vs. Firestone International Pvt. Ltd in ITA No. 5304/Mum/2016 for AY 2011-12 dated 01.12.2018 wherein

TAPI JWIL JV,NEW DELHI vs. ITO, WARD-62(4), NEW DELHI

In the result, the appeals of the assessee are allowed

Bench: Sh. C. M. Gargdr. B. R. R. Kumarita No. 6722/Del/2018 : Asstt. Year : 2014-15 Ita No. 4873/Del/2019 : Asstt. Year : 2014-15 Tapi Jwil Jv, Vs Income Tax Officer, C/O C. S. Anand, Adv., Ward-62(4), 104, Pankaj Tower, 10, L.S.C. New Delhi Savita Vihar, Delhi-110092 (Appellant) (Respondent) Pan No. Aadat3744J Assessee By : Sh. C. S. Anand, Adv. Revenue By : Sh. Amitabh K. Sinha, Cit-Dr Date Of Hearing: 18.07.2023 Date Of Pronouncement: 16.10.2023 Order Per Dr. B. R. R. Kumar:

271G. 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

TAPI JWIL JV,NEW DELHI vs. ITO, WARD-62(4), NEW DELHI

In the result, the appeals of the assessee are allowed

Bench: Sh. C. M. Gargdr. B. R. R. Kumarita No. 6722/Del/2018 : Asstt. Year : 2014-15 Ita No. 4873/Del/2019 : Asstt. Year : 2014-15 Tapi Jwil Jv, Vs Income Tax Officer, C/O C. S. Anand, Adv., Ward-62(4), 104, Pankaj Tower, 10, L.S.C. New Delhi Savita Vihar, Delhi-110092 (Appellant) (Respondent) Pan No. Aadat3744J Assessee By : Sh. C. S. Anand, Adv. Revenue By : Sh. Amitabh K. Sinha, Cit-Dr Date Of Hearing: 18.07.2023 Date Of Pronouncement: 16.10.2023 Order Per Dr. B. R. R. Kumar:

271G. 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

ATEPL RAHEE JOINT VENTURE,NEW DELHI vs. ACIT CIRCLE-62(1), NEW DELHI

In the result, the appeal of the assessee stands allowed

Bench: Shri Shamim Yahya & Shri Anubhav Sharma[Assessment Year: 2015-16]

271G, section 271GA, section 271GB, section 271H section 271-1, section 271J, clause (c) or clause (d) of sub-section (1) or sub-section (2) of section 272A, sub- section (1) of section 272AA or section 272B or sub-section (1) or sub-section (1A) of section 272BB or] sub-section (1) of section 272BBB or clause

COMMISSIONER OFINCOME TAX-I vs. M/S BUMI HIWAY (I) P. LTD

Transfer Pricing Officer by order under Section 92CA(3) had recommended that since the respondent assessee had failed to furnish information and documents under Section 92D, the Assessing Officer “shall” impose penalty under Section 271G

THE COMMISSIONER OF INCOME TAX-II vs. M/S JOHNSON MATTHEY INDIA P. LTD.

Section 271G of the 2014:DHC:7415-DB ITA No. 757/2014 Page 2 of 5 Act. 2. The finding of the two appellate forums is that the assessee had filed the relevant documents within two months from the date of issue of notice by the Transfer Pricing

HONDA TRADING ASIA CO. LTD.,THAILAND vs. DCIT, INTL. TAXATION CIRCLE, NOIDA

Bench: Shri G.S.Pannu, Hon’Ble & Shri Anubhav Sharma

Transfer pricing adjustment 5, 5.1, 5.2, 5.3, 6, N.A. N.A. N.A. 6.1, 6.2, 7, 8, 10, 13 Double taxation of FTS 9 N.A. N.A. N.A. receipts Attribution of income to - 8 and 8.1 9, 10, 10 1 10, 11, 10.1 activities of appellant in India Application of incorrect profit N.A. 9 N.A. N.A. ratio 10 Erroneous levy of interest

HONDA TRADING ASIA CO. LTD.,NEW DELHI vs. DCIT, NOIDA

Bench: Shri G.S.Pannu, Hon’Ble & Shri Anubhav Sharma

Transfer pricing adjustment 5, 5.1, 5.2, 5.3, 6, N.A. N.A. N.A. 6.1, 6.2, 7, 8, 10, 13 Double taxation of FTS 9 N.A. N.A. N.A. receipts Attribution of income to - 8 and 8.1 9, 10, 10 1 10, 11, 10.1 activities of appellant in India Application of incorrect profit N.A. 9 N.A. N.A. ratio 10 Erroneous levy of interest

DCIT, CIRCLE-14(2), NEW DELHI vs. KINDLE ENGINEERING AND CONSTRUCTION PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

271G. 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

ASSOTECH MOONSHINE URBANDEVELOPERS PVT. LTD.,NEW DELHI vs. DCIT, CIRCLE-1(1), NEW DELHI

In the result, the Assessee’s appeal is allowed for statistical purposes

Bench: Shri Shamim Yahya & Shri Sudhir Kumara.Yr. : 2018-19 Assotech Moonshine Urban Developers Vs. Dcit, Circle 1(1), Pvt. Ltd., New Delhi 105, First Floor, Supreme Enclave Society, Pankaj Tower, Mayur Vihar, Phase-I, New Delhi – 110 091 (Pan: Aaecm8184A) (Appellant) (Respondent)

section 271G are discriminatory and not mandatory in nature. 7. The appellant craves leave to add, amend or alter any of the grounds of appeal. 2. Briefly stated facts are that the assesee filed its Income Tax Return on 29.11.2018 at income of Rs. (-) 1,58,23,037/-. The assessment order u/s. 143(3) of the Act was issued

MANGAL PULSES PRIVATE LIMITED,DELHI vs. ACIT,TRANSFER PRICING OFFICER-2(2)(2), NEW DELHI

In the result the appeal of the assessee is allowed for statistical purposes

Bench: Shri G.S. Pannu, Hon’Ble & Shri Amit Shuklaasstt. Year: 2014-15

Transfer Pricing Limited, Officer-2(2)(2) BD-84, Pitampura, New Delhi. Delhi- 110 088 PAN AAGCM6015Q (Appellant) (Respondent) Assessee by: None Department by: Dr. Maninder Kaur, Sr. Dr Date of Hearing 15.06.2023 Date of pronouncement 26 .07.2023 O R D E R PER AMIT SHUKLA, JM The aforesaid appeal has been filed by the assessee against the order dated