https://www.taxtmi.com/highlights?id=43698 Penalty levied u/s 271C - Failure to deduct TDS u/s 192 on reimbursement of Leave Fare Concession (LFC) claim, to the extent of foreign leg of travel of 12 employees of the assessee bank - There was reasonable cause in terms of section 273B for not deducting tax by the assessee Bank - No penalty. en-us Fri, 04 Jan 2019 07:07:45 +0530 Fri, 04 Jan 2019 07:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=43698 Penalty levied u/s 271C - Failure to deduct TDS u/s 192 on reimbursement of Leave Fare Concession (LFC) claim, to the extent of foreign leg of travel of 12 employees of the assessee bank - There was reasonable cause in terms of section 273B for not deducting tax by the assessee Bank - No penalty. Highlights Income Tax Fri, 04 Jan 2019 07:07:45 +0530 https://www.taxtmi.com/highlights?id=43698