https://www.taxtmi.com/caselaws?id=220402 The Tribunal ruled in favor of the assessee, finding a reasonable cause for non-deduction of TDS on equipment hire charges paid to doctors. Citing relevant case laws, the Tribunal upheld the deletion of penalties imposed by the A.O. for the assessment years 2007-08 and 2008-09. The decisions were based on the assessee's lack of malafide intention and bonafide belief, deeming the penalties unjustified under section 271-C of the Income Tax Act. The Revenue's appeals were dismissed, affirming the decisions made by the ld. CIT(A). en-us Wed, 07 Nov 2012 00:00:00 +0530 Wed, 23 Jan 2013 06:23:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220402 The Tribunal ruled in favor of the assessee, finding a reasonable cause for non-deduction of TDS on equipment hire charges paid to doctors. Citing relevant case laws, the Tribunal upheld the deletion of penalties imposed by the A.O. for the assessment years 2007-08 and 2008-09. The decisions were based on the assessee's lack of malafide intention and bonafide belief, deeming the penalties unjustified under section 271-C of the Income Tax Act. The Revenue's appeals were dismissed, affirming the decisions made by the ld. CIT(A). Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220402