https://www.taxtmi.com/caselaws?id=404528 The Tribunal upheld the decision of the CIT(A) to cancel the penalty imposed under section 271C of the Income Tax Act on the assessee for failure to deduct tax at source. The CIT(A) justified the cancellation based on the assessee's compliance history, voluntary deposit of tax with interest, absence of contumacious conduct, and genuineness of reasons for non-deduction. The Tribunal found no mala fide intent and deemed the CIT(A) order legally sound, dismissing the Revenue's appeal. en-us Wed, 17 Feb 2021 00:00:00 +0530 Thu, 25 Feb 2021 09:09:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404528 The Tribunal upheld the decision of the CIT(A) to cancel the penalty imposed under section 271C of the Income Tax Act on the assessee for failure to deduct tax at source. The CIT(A) justified the cancellation based on the assessee's compliance history, voluntary deposit of tax with interest, absence of contumacious conduct, and genuineness of reasons for non-deduction. The Tribunal found no mala fide intent and deemed the CIT(A) order legally sound, dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 17 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404528