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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Penalty u/s. 271C - TDS default - The plea of the Assessee that ...


Court Waives Penalty for TDS Default u/s 271C; Accepts Assessee's Genuine Belief of Non-Requirement.

December 29, 2019

Case Laws     Income Tax     AT

Penalty u/s. 271C - TDS default - The plea of the Assessee that failure to deduct tax at source was unintentional and was under the bonafide belief that tax is not deductible on payments in question has to be accepted in the given facts and circumstances of the case.

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