ITAT Deletes Rs 5.46 Crore Penalty Under Section 271G After Transfer Pricing Addition Was Quashed:
The ITAT has held that a penalty imposed under Section 271G of the Income Tax Act cannot survive when the very transfer pricing adjustment forming its basis has already been deleted in quantum proceedings.
Penalty for Non-Furnishing of Transfer Pricing Documents Cannot Survive Without Underlying Adjustment
Saloni Kumari
Jun 2, 2026
Premium
ITAT Deletes Rs 5.46 Crore Penalty Under Section 271G After Transfer Pricing Addition Was Quashed
The ITAT has held that a penalty imposed under Section 271G of the Income Tax Act cannot survive when the very transfer pricing adjustment forming its basis has already been deleted in quantum proceedings.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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