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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Liability to pay penalty u/s. 271C can be fastened only on the ...

Income Tax

August 23, 2016

Liability to pay penalty u/s. 271C can be fastened only on the person who does not have good and sufficient reason for not deducting tax at source and the burden, of course, will be on that person to prove such good and sufficient reason - HC

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  2. Penalty u/s 271C - the assessee has proved that there was reasonable cause for failure to deduct tax at source - penalty was righlty set asdide by the tribunal - HC

  3. Panelty U/s 271C - Short deduction of TDS - there was sufficient cause for short deduction of tax at source - No penalty in view of Section 273-B - HC

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