https://www.taxtmi.com/caselaws?id=242694 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) on additions made under section 40(a)(ia) for non-compliance with TDS provisions. It was clarified that the legal fiction of section 40(a)(ia) does not automatically attract penalties for inaccurate income particulars. The Tribunal's ruling was supported by relevant case laws, emphasizing that penalties cannot be solely based on disallowances under section 40(a)(ia) without proof of inaccurate income particulars, leading to the dismissal of the Revenue's appeal. en-us Fri, 05 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242694 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) on additions made under section 40(a)(ia) for non-compliance with TDS provisions. It was clarified that the legal fiction of section 40(a)(ia) does not automatically attract penalties for inaccurate income particulars. The Tribunal's ruling was supported by relevant case laws, emphasizing that penalties cannot be solely based on disallowances under section 40(a)(ia) without proof of inaccurate income particulars, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242694