https://www.taxtmi.com/caselaws?id=254378 The Tribunal determined that the payment made by the appellant to M/s Sahara Airlines Ltd. constituted an advertisement contract, requiring the appellant to deduct TDS under section 194C of the Income Tax Act. However, the appellant could not be considered an assessee in default under section 201(1) if the recipient had no tax liability. The issue of interest under section 201(1A) and the penalty under section 271C were referred back to the AO for further verification. The appeals for assessment years 2003-04 and 2004-05 were dismissed due to limitation, and the penalty under section 271C was not imposed based on the appellant's reasonable belief in non-deduction of TDS. en-us Wed, 17 Dec 2014 00:00:00 +0530 Sat, 20 Dec 2014 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254378 The Tribunal determined that the payment made by the appellant to M/s Sahara Airlines Ltd. constituted an advertisement contract, requiring the appellant to deduct TDS under section 194C of the Income Tax Act. However, the appellant could not be considered an assessee in default under section 201(1) if the recipient had no tax liability. The issue of interest under section 201(1A) and the penalty under section 271C were referred back to the AO for further verification. The appeals for assessment years 2003-04 and 2004-05 were dismissed due to limitation, and the penalty under section 271C was not imposed based on the appellant's reasonable belief in non-deduction of TDS. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254378