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Income Tax - Highlights / Catch Notes

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Levy of penalty u/s 221 - reasonable cause for non compliance - ...


Court Rules No Penalty u/s 221 of Income Tax Act Due to Valid Reasons for TDS Non-Compliance.

August 7, 2017

Case Laws     Income Tax     HC

Levy of penalty u/s 221 - reasonable cause for non compliance - the assessee had shown good and sufficient reasons for not deducting tax at source (TDS) within the prescribed time - No penalty - HC

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