https://www.taxtmi.com/caselaws?id=372980 The Tribunal found that the bank had a reasonable cause for not deducting tax on LFC claims involving foreign travel, as it operated under a bona fide belief and had a consistent practice of exempting such claims. The penalty under Section 271C was deemed unwarranted, and therefore, it was deleted. Consequently, the appeal of the assessee was allowed, and the order was pronounced on 31/12/2018. en-us Mon, 31 Dec 2018 00:00:00 +0530 Fri, 04 Jan 2019 06:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372980 The Tribunal found that the bank had a reasonable cause for not deducting tax on LFC claims involving foreign travel, as it operated under a bona fide belief and had a consistent practice of exempting such claims. The penalty under Section 271C was deemed unwarranted, and therefore, it was deleted. Consequently, the appeal of the assessee was allowed, and the order was pronounced on 31/12/2018. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372980