https://www.taxtmi.com/caselaws?id=379579 The High Court addressed the controversy in the appeals collectively, focusing on Income Tax Appeal no.63 of 2018 as the primary case. The tribunal's decision to annul the penalty on the assessee was based on the provisions of section 273-B of the Income Tax Act, exempting penalty imposition in cases of reasonable cause. The matter was remanded back to the tribunal for fresh consideration in light of recent legal interpretations, emphasizing the need for a comprehensive review of tax deduction obligations concerning lease payments. en-us Thu, 25 Apr 2019 00:00:00 +0530 Sat, 04 May 2019 06:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379579 The High Court addressed the controversy in the appeals collectively, focusing on Income Tax Appeal no.63 of 2018 as the primary case. The tribunal's decision to annul the penalty on the assessee was based on the provisions of section 273-B of the Income Tax Act, exempting penalty imposition in cases of reasonable cause. The matter was remanded back to the tribunal for fresh consideration in light of recent legal interpretations, emphasizing the need for a comprehensive review of tax deduction obligations concerning lease payments. Case-Laws Income Tax Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379579