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2013 (8) TMI 192 - HC - Income TaxPenalty u/s 271(1)(c) - Failure of TDS deduction - Tribunal upheld disallowance but deleted penalty - Held that:- disallowance was due to non-payment of TDS, which was at the most a technical default. There being nothing to indicate any concealment of the income or furnishing of inaccurate particulars of income by the assessee, the Assessing Officer was rightly not justified in levying the penalty - Decided against Revenue.
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