https://www.taxtmi.com/caselaws?id=273094 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete penalties under section 271C of the Income Tax Act for various assessment years. The Tribunal found that the assessee's actions were based on a misconceived belief rather than malice or negligence, justifying the deletion of penalties. The Tribunal emphasized the importance of reasonable cause for non-compliance with tax deduction provisions and rejected the Revenue's arguments, affirming the CIT(A)'s decision. Consequently, all appeals were dismissed, and the penalties were deleted for the respective assessment years. en-us Tue, 31 Oct 2017 00:00:00 +0530 Tue, 05 Jun 2018 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273094 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete penalties under section 271C of the Income Tax Act for various assessment years. The Tribunal found that the assessee's actions were based on a misconceived belief rather than malice or negligence, justifying the deletion of penalties. The Tribunal emphasized the importance of reasonable cause for non-compliance with tax deduction provisions and rejected the Revenue's arguments, affirming the CIT(A)'s decision. Consequently, all appeals were dismissed, and the penalties were deleted for the respective assessment years. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273094