https://www.taxtmi.com/caselaws?id=326983 The Tribunal found in favor of the assessee, ruling that the penalty imposed under section 271C for failure to deduct tax at source under section 195 was unjustified. The Tribunal emphasized that the Chartered Accountant's advice constituted a reasonable cause for the failure to deduct tax at source, as the payment was for services rendered outside India. Due to reliance on professional advice and the complexity of tax deductions for non-resident payments, the penalty was deemed unwarranted and subsequently removed. The appeal was allowed, and the penalty under section 271C was overturned. en-us Wed, 30 Mar 2016 00:00:00 +0530 Fri, 29 Apr 2016 11:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326983 The Tribunal found in favor of the assessee, ruling that the penalty imposed under section 271C for failure to deduct tax at source under section 195 was unjustified. The Tribunal emphasized that the Chartered Accountant's advice constituted a reasonable cause for the failure to deduct tax at source, as the payment was for services rendered outside India. Due to reliance on professional advice and the complexity of tax deductions for non-resident payments, the penalty was deemed unwarranted and subsequently removed. The appeal was allowed, and the penalty under section 271C was overturned. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326983