https://www.taxtmi.com/highlights?id=50901 Penalty u/s 271C - Non deduction of TDS on payment of External Development Charges (EDC) - the issue became debatable if the TDS is to be deducted or not on the EDC providing reasonable cause to the assessee not to deduct the TDS. Consequently, penalty levied by the AO and confirmed by the ld. CIT (A) is not sustainable in the eyes of law. en-us Thu, 26 Dec 2019 07:02:12 +0530 Thu, 26 Dec 2019 07:02:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50901 Penalty u/s 271C - Non deduction of TDS on payment of External Development Charges (EDC) - the issue became debatable if the TDS is to be deducted or not on the EDC providing reasonable cause to the assessee not to deduct the TDS. Consequently, penalty levied by the AO and confirmed by the ld. CIT (A) is not sustainable in the eyes of law. Highlights Income Tax Thu, 26 Dec 2019 07:02:12 +0530 https://www.taxtmi.com/highlights?id=50901