https://www.taxtmi.com/caselaws?id=392436 The Tribunal allowed the appeals, directing the deletion of penalties imposed under Section 271-C of the Income Tax Act, 1961. The penalties were related to the failure to deduct tax at source on Leave Travel Allowance reimbursements. The Tribunal found that the Assessee had a reasonable cause for non-deduction of tax, as they believed the LTA was exempt from tax for domestic travel. Additionally, the pending substantial question of law in the High Court further supported the cancellation of the penalties. The decision was announced on February 12, 2020. en-us Wed, 12 Feb 2020 00:00:00 +0530 Mon, 18 May 2020 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392436 The Tribunal allowed the appeals, directing the deletion of penalties imposed under Section 271-C of the Income Tax Act, 1961. The penalties were related to the failure to deduct tax at source on Leave Travel Allowance reimbursements. The Tribunal found that the Assessee had a reasonable cause for non-deduction of tax, as they believed the LTA was exempt from tax for domestic travel. Additionally, the pending substantial question of law in the High Court further supported the cancellation of the penalties. The decision was announced on February 12, 2020. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392436