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2015 (8) TMI 553 - ITAT PUNEPenalty u/s. 271C - assessee failed to deduct tax u/s 192 on the payments to doctors drawing fixed remuneration which are essentially in the nature of 'Salary'- CIT(A) deleted the penalty - Held that:- As per the explanation of the assessee, in our opinion the order of the Ld. CIT(A) has to be confirmed for the reason that admittedly it is not a case of non-deduction of the tax or after deducting or collecting the tax, not depositing the same with the Govt. As per the plea of the assessee, it is merely the process of interpretation which was adopted in respect of both the payments otherwise whatever tax was collected was paid to the Govt. account. See Hindustan Steel Limited Vs. State of Orissa (1969 (8) TMI 31 - SUPREME Court ) There was a reasonable cause for the assessee for short deduction of the tax within the meaning of Sec. 273B of the Act. We, accordingly, confirm the order of the Ld. CIT(A) and grounds taken by the Revenue are dismissed. - Decided in favour of assessee.
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