https://www.taxtmi.com/caselaws?id=350306 The appeals filed by the Revenue against the order cancelling the penalty under section 271C for non-deduction of tax on bank guarantee commission were dismissed. The ld CIT(A) correctly deleted the penalty for the Assessment Years 2011-12, 2012-13, and 2013-14. The court found that there was no contumacious conduct or unreasonable cause for non-deduction of TDS, supported by CBDT notifications and judicial precedents. The decision was in line with established legal principles and precedents, leading to the dismissal of the Revenue's appeals for all relevant years. en-us Tue, 31 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350306 The appeals filed by the Revenue against the order cancelling the penalty under section 271C for non-deduction of tax on bank guarantee commission were dismissed. The ld CIT(A) correctly deleted the penalty for the Assessment Years 2011-12, 2012-13, and 2013-14. The court found that there was no contumacious conduct or unreasonable cause for non-deduction of TDS, supported by CBDT notifications and judicial precedents. The decision was in line with established legal principles and precedents, leading to the dismissal of the Revenue's appeals for all relevant years. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350306