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2016 (5) TMI 1424 - ITAT AMRITSARPenalty u/s 271(1)(c) - disallowances made on account of non deduction of TDS - Held that:- We find that it is an undisputed fact that penalty was imposed by the Assessing Officer for disallowance made u/s 40(a)(ia) of the Act for non deduction of tax on various payments. This fact is verifiable from the penalty order itself. We further find that the Hon’ble ITAT, Hyderabad Bench in the case of ACIT, Circle3(1), VS. Seaways Shipping Ltd., Secundrabad [2011 (6) TMI 816 - ITAT HYDERABAD] has deleted the similar penalties imposed by the authorities below. - Decided in favour of assessee.
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