https://www.taxtmi.com/highlights?id=40075 Penalty u/s 271C - non deduction of tds - the belief, being a reasonable cause, for non deduction of tax at source in respect of lease rent payment, magnetizes the provisions of section 273B. Considering the provisions of section 271C read with section 273B, we hold that the penalty imposed u/s 271C is not sustainable en-us Fri, 22 Jun 2018 08:29:37 +0530 Fri, 22 Jun 2018 08:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40075 Penalty u/s 271C - non deduction of tds - the belief, being a reasonable cause, for non deduction of tax at source in respect of lease rent payment, magnetizes the provisions of section 273B. Considering the provisions of section 271C read with section 273B, we hold that the penalty imposed u/s 271C is not sustainable Highlights Income Tax Fri, 22 Jun 2018 08:29:37 +0530 https://www.taxtmi.com/highlights?id=40075