https://www.taxtmi.com/caselaws?id=444389 Penalty under section 271C was deleted because the assessee's failure to deduct tax on discounts allowed to prepaid distributors arose from a bona fide view on a debatable issue. The order noted that the applicability of section 194H to discounts on prepaid SIM cards and recharge vouchers had been the subject of conflicting judicial opinions and had reached the Supreme Court. On that footing, the assessee showed reasonable cause within section 273B, and the default did not justify penalty. en-us Wed, 03 May 2023 00:00:00 +0530 Mon, 16 Oct 2023 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444389 Penalty under section 271C was deleted because the assessee's failure to deduct tax on discounts allowed to prepaid distributors arose from a bona fide view on a debatable issue. The order noted that the applicability of section 194H to discounts on prepaid SIM cards and recharge vouchers had been the subject of conflicting judicial opinions and had reached the Supreme Court. On that footing, the assessee showed reasonable cause within section 273B, and the default did not justify penalty. Case-Laws Income Tax Wed, 03 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444389