https://www.taxtmi.com/caselaws?id=353853 The Tribunal upheld the cancellation of penalties under section 271C for failure to deduct tax at source, ruling that the payments were for transferring rights, not services, exempting the assessee from tax deduction under section 194J. The Ld. CIT(A) decision to cancel demands for tax deduction was affirmed, leading to the penalties being unjustified and subsequently annulled by the Tribunal. The revenue's appeals were dismissed, providing relief to the assessee. en-us Wed, 13 Dec 2017 00:00:00 +0530 Fri, 12 Jan 2018 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353853 The Tribunal upheld the cancellation of penalties under section 271C for failure to deduct tax at source, ruling that the payments were for transferring rights, not services, exempting the assessee from tax deduction under section 194J. The Ld. CIT(A) decision to cancel demands for tax deduction was affirmed, leading to the penalties being unjustified and subsequently annulled by the Tribunal. The revenue's appeals were dismissed, providing relief to the assessee. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353853