Courts provide relief to Indian taxpayers over penalties
June 16, 2010
Samir Gandhi, Manisha Gupta and Radhi Raman of Deloitte in India discuss the overzealous use of penalty provisions in the country.
While the intention of the Indian legislature in enacting the penalty provisions is to penalise taxpayers for deliberately evading taxes, the Indian revenue authorities at the lower levels have been levying penalty as an automatic consequence of a transfer pricing addition being made to the income of the taxpayer.
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