https://www.taxtmi.com/caselaws?id=392597 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed for inaccurate income particulars due to non-deduction of TDS under Section 194C. The Tribunal emphasized the correct interpretation of the law, including the retrospective application of the amendment to Section 40(a)(ia). The Tribunal also supported the CIT(A)'s deletion of unexplained cash credit addition under Section 68, as confirmed by subsequent orders. Additionally, the Tribunal found the CIT(A) acted within her jurisdiction in enhancing the assessment based on evidence provided. The Revenue's appeal was dismissed, affirming the CIT(A)'s decisions on all grounds. en-us Fri, 21 Feb 2020 00:00:00 +0530 Mon, 24 Feb 2020 07:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392597 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed for inaccurate income particulars due to non-deduction of TDS under Section 194C. The Tribunal emphasized the correct interpretation of the law, including the retrospective application of the amendment to Section 40(a)(ia). The Tribunal also supported the CIT(A)'s deletion of unexplained cash credit addition under Section 68, as confirmed by subsequent orders. Additionally, the Tribunal found the CIT(A) acted within her jurisdiction in enhancing the assessment based on evidence provided. The Revenue's appeal was dismissed, affirming the CIT(A)'s decisions on all grounds. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392597