https://www.taxtmi.com/caselaws?id=285092 The Tribunal allowed all four appeals of the Assessee, directing the deletion of penalties under section 271C for Assessment Years 2003-04, 2004-05, 2005-06, and 2006-07. The Tribunal held that as the tax had already been paid by the payee, no penalty could be imposed on the appellant for non-deduction of TDS, considering the appellant's good faith actions and compliance with instructions. The decision aligned with the ruling in Wipro GE Medical Systems Ltd. vs. ITO, emphasizing the specific circumstances and legal principles governing the case. en-us Fri, 27 Mar 2015 00:00:00 +0530 Thu, 26 Dec 2019 06:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285092 The Tribunal allowed all four appeals of the Assessee, directing the deletion of penalties under section 271C for Assessment Years 2003-04, 2004-05, 2005-06, and 2006-07. The Tribunal held that as the tax had already been paid by the payee, no penalty could be imposed on the appellant for non-deduction of TDS, considering the appellant's good faith actions and compliance with instructions. The decision aligned with the ruling in Wipro GE Medical Systems Ltd. vs. ITO, emphasizing the specific circumstances and legal principles governing the case. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285092