https://www.taxtmi.com/caselaws?id=63575 The Tribunal canceled the penalty under section 271C for the assessee, ruling that the company was not obligated to deduct tax on the overseas salary received by the Managing Director from another employer. The Tribunal considered the lack of legal obligation for tax deduction on the overseas salary and cited reasonable cause for non-deduction. The decision was supported by precedents and a letter from the Department indicating a sympathetic view towards voluntary compliance. Consequently, the penalty was canceled, overturning the CIT(A)'s findings and allowing the assessee's appeal. en-us Wed, 22 Dec 2004 00:00:00 +0530 Mon, 31 Jan 2011 18:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63575 The Tribunal canceled the penalty under section 271C for the assessee, ruling that the company was not obligated to deduct tax on the overseas salary received by the Managing Director from another employer. The Tribunal considered the lack of legal obligation for tax deduction on the overseas salary and cited reasonable cause for non-deduction. The decision was supported by precedents and a letter from the Department indicating a sympathetic view towards voluntary compliance. Consequently, the penalty was canceled, overturning the CIT(A)'s findings and allowing the assessee's appeal. Case-Laws Income Tax Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63575