https://www.taxtmi.com/caselaws?id=396356 The Tribunal directed the Assessing Officer to delete the penalty imposed under section 271C of the Income Tax Act. The appeal was allowed as the Tribunal found that the assessee had a reasonable cause for not deducting TDS on LTC reimbursements, emphasizing the consistent belief in the exemption under Section 10(5). The decision was made on 30th June 2020. en-us Tue, 30 Jun 2020 00:00:00 +0530 Wed, 01 Jul 2020 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396356 The Tribunal directed the Assessing Officer to delete the penalty imposed under section 271C of the Income Tax Act. The appeal was allowed as the Tribunal found that the assessee had a reasonable cause for not deducting TDS on LTC reimbursements, emphasizing the consistent belief in the exemption under Section 10(5). The decision was made on 30th June 2020. Case-Laws Income Tax Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396356