https://www.taxtmi.com/caselaws?id=188100 The High Court dismissed the Revenue's appeal regarding the penalty imposed for failure to deduct tax at source under section 271C of the Income-tax Act. The Court upheld the Tribunal's decision, emphasizing the assessee's genuine belief and reasonable cause for not deducting tax at source. It was established that the assessee was not liable to deduct tax at source under section 194A for certain societies based on specific provisions and government notifications. The Court found no substantial question of law and affirmed the Tribunal's and Commissioner's findings, emphasizing compliance with the Income-tax Act. en-us Thu, 04 Feb 2016 00:00:00 +0530 Fri, 18 Nov 2016 09:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188100 The High Court dismissed the Revenue's appeal regarding the penalty imposed for failure to deduct tax at source under section 271C of the Income-tax Act. The Court upheld the Tribunal's decision, emphasizing the assessee's genuine belief and reasonable cause for not deducting tax at source. It was established that the assessee was not liable to deduct tax at source under section 194A for certain societies based on specific provisions and government notifications. The Court found no substantial question of law and affirmed the Tribunal's and Commissioner's findings, emphasizing compliance with the Income-tax Act. Case-Laws Income Tax Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188100