https://www.taxtmi.com/caselaws?id=332237 The Tribunal upheld the decision of the Ld. CIT(A) to delete the penalty imposed under sections 271(1)(c) and 271C of the Income Tax Act. The Tribunal found that the assessee had acted in good faith, had voluntarily offered the un-deducted TDS amount for taxation, and had paid the due TDS with interest. Imposing a penalty would result in double taxation as the amounts were already offered for tax. The Tribunal emphasized the necessity of passing an order under section 201(1) before initiating penalty proceedings under section 271C. The Revenue's appeal was dismissed, affirming the deletion of the penalty. en-us Tue, 02 Aug 2016 00:00:00 +0530 Mon, 12 Sep 2016 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332237 The Tribunal upheld the decision of the Ld. CIT(A) to delete the penalty imposed under sections 271(1)(c) and 271C of the Income Tax Act. The Tribunal found that the assessee had acted in good faith, had voluntarily offered the un-deducted TDS amount for taxation, and had paid the due TDS with interest. Imposing a penalty would result in double taxation as the amounts were already offered for tax. The Tribunal emphasized the necessity of passing an order under section 201(1) before initiating penalty proceedings under section 271C. The Revenue's appeal was dismissed, affirming the deletion of the penalty. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332237