https://www.taxtmi.com/caselaws?id=433986 The Tribunal concluded that the penalty for non-deduction of tax on External Development Charges (EDC) payments to HUDA was not justified. It held that builders are not required to deduct tax at source for EDC payments to HUDA, as they are not contractual but statutory payments to a government department. The Tribunal emphasized the importance of fair hearing and due process, ultimately directing the deletion of the penalty. The judgment highlights the significance of comprehending payment nature and entities involved, along with ensuring fair consideration of evidence and arguments. en-us Wed, 30 Nov 2022 00:00:00 +0530 Tue, 14 Feb 2023 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433986 The Tribunal concluded that the penalty for non-deduction of tax on External Development Charges (EDC) payments to HUDA was not justified. It held that builders are not required to deduct tax at source for EDC payments to HUDA, as they are not contractual but statutory payments to a government department. The Tribunal emphasized the importance of fair hearing and due process, ultimately directing the deletion of the penalty. The judgment highlights the significance of comprehending payment nature and entities involved, along with ensuring fair consideration of evidence and arguments. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433986