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2018 (6) TMI 616 - HC - Income TaxDisallowance u/s 40(a)(ia) - notional amount of expenditure on which no TDS was deducted - Penalty - Held that:- Commissioner noticed the submission on behalf of the assessee that in a similar situation where the bills had been raised late on the assessee and the amount covered by the bills was paid during the financial year and only the tax in respect thereof deposited in the subsequent year, the penalty was not attracted - thus in the present case no penalty is attracted.
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