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2012 (7) TMI 771 - HC - Income TaxAdmissibility of TDS on tip to the employees - Held that:- The issue is decided in favour of Revenue relying on CIT v. ITC Ltd [2011 (5) TMI 310 - DELHI HIGH COURT] - as the assessee acted in a bona fide manner therefore no penalty can be imposed on the assessee u/s 221 - as the exact quantum of the default needs to be computed it would, therefore, be necessary to remand the matter to the AO computing the exact quantum of default and the interest payable.
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