https://www.taxtmi.com/caselaws?id=186275 The Tribunal affirmed the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act by the Ld. CIT(A) for failure to deduct tax on certain foreign payments claimed as provisions. The Tribunal considered the bonafide lapse by the assessee, the subsequent payment of tax, and the absence of intentional concealment of income particulars, ultimately dismissing the revenue's appeal based on the facts and circumstances of the case. en-us Fri, 07 Jan 2011 00:00:00 +0530 Tue, 13 Sep 2016 14:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186275 The Tribunal affirmed the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act by the Ld. CIT(A) for failure to deduct tax on certain foreign payments claimed as provisions. The Tribunal considered the bonafide lapse by the assessee, the subsequent payment of tax, and the absence of intentional concealment of income particulars, ultimately dismissing the revenue's appeal based on the facts and circumstances of the case. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186275