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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Penalty u/s 271C – reasonable cause - The assessees are partners ...


Partners Avoid Penalty for Not Deducting Tax at Source on Interest Payments Due to Reasonable Cause u/s 271C.

December 9, 2013

Case Laws     Income Tax     AT

Penalty u/s 271C – reasonable cause - The assessees are partners in a firm – Both the assessees has paid interest to firm without deducting tax at source - No penalty - AT

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