OUTOTEC(FINLAND) OY (NOW MERGED WITH "METSO MINERALS OY" AND THE MERGED ENTITY HAS BEEN RENAMED TO METSO OUTOTEC FINLAND OY),GURUGRAM vs. DCIT(INTERNATIONAL TAXATION), CIRCLE-2(1), KOLKATA, KOLKATA

In the result,both the appeals of the assessee are partly allowed

Bench: Shri Rajpal Yadav & Shri Girish Agrawal

270A of the Act. 5.Initiation of penalty under Section 271A and 271B of the Act a. That on the facts and in the circumstances of the case and in law, Ld. AO erred in proposing to initiate penalty under Section 271A and 271B of the Act. 3. Brief facts of the case are that assessee is incorporated in Finland