https://www.taxtmi.com/caselaws?id=243018 The Tribunal upheld the CIT (A)'s decision to admit additional grounds related to the legality of penalty imposition and time frame for penalty proceedings. The Tribunal also supported the deletion of the penalty under section 271C, emphasizing the assessee's reasonable cause for not deducting TDS and the lack of default status under section 201(1). The judgment highlighted the significance of bona fide belief and evolving tax interpretations in non-compliance cases, ultimately dismissing the Revenue's appeal. en-us Wed, 22 Jan 2014 00:00:00 +0530 Sat, 25 Jan 2014 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243018 The Tribunal upheld the CIT (A)'s decision to admit additional grounds related to the legality of penalty imposition and time frame for penalty proceedings. The Tribunal also supported the deletion of the penalty under section 271C, emphasizing the assessee's reasonable cause for not deducting TDS and the lack of default status under section 201(1). The judgment highlighted the significance of bona fide belief and evolving tax interpretations in non-compliance cases, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243018