https://www.taxtmi.com/caselaws?id=338579 The Supreme Court held that penalties under section 271C of the Income-tax Act should only be imposed when there is no reasonable cause for failing to deduct tax at source. In this case, the Court found that the failure to deduct tax was due to a genuine issue regarding income aggregation and deductions. As such, the Court quashed the penalty proceedings in all 104 cases, ruling in favor of the respondents. The petition succeeded, leading to the cancellation of the penalties imposed by the Assessing Officer, and the impugned order of the Commissioner of Income-tax was set aside. en-us Wed, 05 Oct 2016 00:00:00 +0530 Tue, 07 Feb 2017 16:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338579 The Supreme Court held that penalties under section 271C of the Income-tax Act should only be imposed when there is no reasonable cause for failing to deduct tax at source. In this case, the Court found that the failure to deduct tax was due to a genuine issue regarding income aggregation and deductions. As such, the Court quashed the penalty proceedings in all 104 cases, ruling in favor of the respondents. The petition succeeded, leading to the cancellation of the penalties imposed by the Assessing Officer, and the impugned order of the Commissioner of Income-tax was set aside. Case-Laws Income Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338579