https://www.taxtmi.com/caselaws?id=332237 Penalty under section 271C was considered in the context of failure to deduct tax at source where the expenditure had already been offered to tax and the tax with interest was later deposited. The reasoning accepted the assessee's explanation of financial difficulty and bona fide belief, and noted that no order under section 201(1) had been passed before penalty proceedings began. On those facts, the levy was treated as unwarranted and as giving rise to double taxation, so the penalty deletion was sustained in favour of the assessee. 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 Penalty under section 271C was considered in the context of failure to deduct tax at source where the expenditure had already been offered to tax and the tax with interest was later deposited. The reasoning accepted the assessee's explanation of financial difficulty and bona fide belief, and noted that no order under section 201(1) had been passed before penalty proceedings began. On those facts, the levy was treated as unwarranted and as giving rise to double taxation, so the penalty deletion was sustained in favour of the assessee. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332237