Section 271BA

What section 271BA does, and where it sits. This library holds no authority that turns on it.

No authority in this library turns on Section 271BA. That is a statement about this library and not about the law: it means no judgment, circular or instruction held here decides a point under it. What the provision does is explained below. If you are looking for a decision on it, say so through the search box — a provision people search for and we hold nothing on is the most useful thing we can be told.

Explained in this library

What section 271ba does, in plain English, before you read what the courts made of it.

s.271AA: two per cent of the transaction, for the file rather than the price

The TPO accepted my pricing but the AO has still levied a s.271AA penalty. On what, and what can I say against it?

Who is an associated enterprise, and why sub-section (2) decides it

The officer says my counterparty is an associated enterprise. What does s.92A actually require, and is control in substance enough?