https://www.taxtmi.com/caselaws?id=329229 The appellate tribunal upheld the CIT(Appeals) decision, canceling the penalty imposed by the Assessing Officer under section 271CA of the Income Tax Act for the assessment years 2011-12 and 2012-13. The tribunal found that the buyers had paid taxes on their income, establishing a reasonable cause for not deducting tax at source on the sale of scrap. Consequently, the revenue's appeals were dismissed, emphasizing the necessity of demonstrating a reasonable cause before imposing penalties under the aforementioned section. en-us Mon, 20 Jun 2016 00:00:00 +0530 Sat, 25 Jun 2016 11:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329229 The appellate tribunal upheld the CIT(Appeals) decision, canceling the penalty imposed by the Assessing Officer under section 271CA of the Income Tax Act for the assessment years 2011-12 and 2012-13. The tribunal found that the buyers had paid taxes on their income, establishing a reasonable cause for not deducting tax at source on the sale of scrap. Consequently, the revenue's appeals were dismissed, emphasizing the necessity of demonstrating a reasonable cause before imposing penalties under the aforementioned section. Case-Laws Income Tax Mon, 20 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329229