https://www.taxtmi.com/caselaws?id=344269 The Tribunal upheld the decision of the Ld. CIT(A) to cancel the penalty under section 271C, dismissing the revenue's appeal. It was found that the assessee had a reasonable cause for believing that section 194C applied to the payments in question, justifying the non-deduction of tax at source. The Tribunal emphasized that the penalty was unjustified as the assessee did not willfully default in deducting TDS and had deposited the differential TDS amount before the order under section 201(1)/(1A), demonstrating no mala fide intention. en-us Tue, 06 Jun 2017 00:00:00 +0530 Wed, 14 Jun 2017 08:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344269 The Tribunal upheld the decision of the Ld. CIT(A) to cancel the penalty under section 271C, dismissing the revenue's appeal. It was found that the assessee had a reasonable cause for believing that section 194C applied to the payments in question, justifying the non-deduction of tax at source. The Tribunal emphasized that the penalty was unjustified as the assessee did not willfully default in deducting TDS and had deposited the differential TDS amount before the order under section 201(1)/(1A), demonstrating no mala fide intention. Case-Laws Income Tax Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344269