No Penalty for Assessee u/s 271C Due to Bona Fide Belief in TDS Non-Deduction Necessity. https://www.taxtmi.com/highlights?id=49067 Penalty u/s 271C - non-deduction of tax under section 194C/194I - reasonable cause - assessee company has made payment to HUDA on directions of DTCP - assesse was under a bonafide belief that no TDS is required - no penalty. en-us Mon, 02 Sep 2019 08:11:24 +0530 Mon, 02 Sep 2019 08:11:24 +0530 TaxTMI RSS Generator No Penalty for Assessee u/s 271C Due to Bona Fide Belief in TDS Non-Deduction Necessity. https://www.taxtmi.com/highlights?id=49067 Penalty u/s 271C - non-deduction of tax under section 194C/194I - reasonable cause - assessee company has made payment to HUDA on directions of DTCP - assesse was under a bonafide belief that no TDS is required - no penalty. Highlights Income Tax Mon, 02 Sep 2019 08:11:24 +0530 https://www.taxtmi.com/highlights?id=49067