https://www.taxtmi.com/caselaws?id=181564 The Tribunal dismissed the appeals, upholding the penalty under section 271C against the assessee for failure to deduct tax at source without reasonable cause. The Tribunal emphasized that ignorance of the law is not a valid excuse and that the penalty provisions apply even in the initial year of operations. The argument that penalty proceedings were time-barred was rejected, citing precedent. The decision was pronounced on 23.4.2010. en-us Fri, 23 Apr 2010 00:00:00 +0530 Tue, 19 Apr 2016 18:40:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181564 The Tribunal dismissed the appeals, upholding the penalty under section 271C against the assessee for failure to deduct tax at source without reasonable cause. The Tribunal emphasized that ignorance of the law is not a valid excuse and that the penalty provisions apply even in the initial year of operations. The argument that penalty proceedings were time-barred was rejected, citing precedent. The decision was pronounced on 23.4.2010. Case-Laws Income Tax Fri, 23 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181564