https://www.taxtmi.com/highlights?id=62231 Penalty u/s 271C r.w.s 274(1) - assessee has not deducted TDS on certain expenses for which provision was created in its books of account - In the absence of invoices and consequential liability to make the payment, the assessee did not withhold taxes on the said year end provision for expenses u/s 40(a)(i)/40(a)(ia) - the Ld. CIT(A) while cancelling the penalty levied u/s 271C has given justifiable reasons - AT en-us Wed, 02 Mar 2022 08:35:48 +0530 Wed, 02 Mar 2022 08:35:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62231 Penalty u/s 271C r.w.s 274(1) - assessee has not deducted TDS on certain expenses for which provision was created in its books of account - In the absence of invoices and consequential liability to make the payment, the assessee did not withhold taxes on the said year end provision for expenses u/s 40(a)(i)/40(a)(ia) - the Ld. CIT(A) while cancelling the penalty levied u/s 271C has given justifiable reasons - AT Highlights Income Tax Wed, 02 Mar 2022 08:35:48 +0530 https://www.taxtmi.com/highlights?id=62231