https://www.taxtmi.com/caselaws?id=180013 The Tribunal confirmed the Commissioner of Income-tax (Appeals)'s decision to delete the penalty levied under Section 271(1)(c) of the Income-tax Act, 1961, relating to the disallowance under Section 40(a)(ia) for non-payment of TDS on contract payments. The Tribunal held that the disallowance under Section 40(a)(ia) did not warrant a penalty under Section 271(1)(c) as there were no inaccurate particulars in the return. The Revenue's appeal was dismissed, upholding the CIT(A)'s order to delete the penalty. en-us Tue, 22 Feb 2011 00:00:00 +0530 Mon, 21 Aug 2023 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180013 The Tribunal confirmed the Commissioner of Income-tax (Appeals)'s decision to delete the penalty levied under Section 271(1)(c) of the Income-tax Act, 1961, relating to the disallowance under Section 40(a)(ia) for non-payment of TDS on contract payments. The Tribunal held that the disallowance under Section 40(a)(ia) did not warrant a penalty under Section 271(1)(c) as there were no inaccurate particulars in the return. The Revenue's appeal was dismissed, upholding the CIT(A)'s order to delete the penalty. Case-Laws Income Tax Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180013