Penalty Waived: Bona Fide Belief and Reasonable Cause Exempt Assessee from TDS Penalty u/s 271C.

Penalty Waived: Bona Fide Belief and Reasonable Cause Exempt Assessee from TDS Penalty u/s 271C. https://www.taxtmi.com/highlights?id=72558 Penalty levied u/s 271C - bonafide belief - reasonable cause - failure to deduct the tax at source (TDS) - By the time the assessee was under obligation to deduct tax at source for the AYS under consideration, there were judgments in favour of assessee - penalty is not imposable u/s 271C - AT en-us Sat, 14 Oct 2023 20:09:56 +0530 Tue, 17 Oct 2023 10:41:00 +0530 TaxTMI RSS Generator Penalty Waived: Bona Fide Belief and Reasonable Cause Exempt Assessee from TDS Penalty u/s 271C. https://www.taxtmi.com/highlights?id=72558 Penalty levied u/s 271C - bonafide belief - reasonable cause - failure to deduct the tax at source (TDS) - By the time the assessee was under obligation to deduct tax at source for the AYS under consideration, there were judgments in favour of assessee - penalty is not imposable u/s 271C - AT Highlights Income Tax Sat, 14 Oct 2023 20:09:56 +0530 https://www.taxtmi.com/highlights?id=72558