https://www.taxtmi.com/caselaws?id=342972 The Tribunal overturned penalty orders under section 271C of the Income-tax Act, 1961 for assessment years 2007-08 to 2012-13. The penalty was imposed for alleged non-deduction of tax at source under section 194H, but since a co-ordinate Bench had previously deleted the quantum addition for the same assessment years, including finding that the transactions did not attract TDS provisions, the penalty was deemed unsustainable. Consequently, the penalty orders were set aside, and the appeals of the assessee were allowed. en-us Thu, 23 Feb 2017 00:00:00 +0530 Wed, 17 May 2017 07:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342972 The Tribunal overturned penalty orders under section 271C of the Income-tax Act, 1961 for assessment years 2007-08 to 2012-13. The penalty was imposed for alleged non-deduction of tax at source under section 194H, but since a co-ordinate Bench had previously deleted the quantum addition for the same assessment years, including finding that the transactions did not attract TDS provisions, the penalty was deemed unsustainable. Consequently, the penalty orders were set aside, and the appeals of the assessee were allowed. Case-Laws Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342972