https://www.taxtmi.com/caselaws?id=766658 The Appellate Tribunal dismissed the Revenue's appeals against the deletion of penalties under sections 271(1)(c) and 270A of the Income Tax Act for assessment years 2016-17 and 2017-18. The Tribunal found that the confusion regarding the applicability of TDS on External Development Charges paid to HUDA constituted a valid explanation for non-compliance. Citing the absence of evidence for concealment or inaccurate particulars and referencing the Reliance Petroproducts case, the Tribunal upheld the CIT(A)'s decision, concluding that the penalties were unjustified. en-us Thu, 27 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766658 The Appellate Tribunal dismissed the Revenue's appeals against the deletion of penalties under sections 271(1)(c) and 270A of the Income Tax Act for assessment years 2016-17 and 2017-18. The Tribunal found that the confusion regarding the applicability of TDS on External Development Charges paid to HUDA constituted a valid explanation for non-compliance. Citing the absence of evidence for concealment or inaccurate particulars and referencing the Reliance Petroproducts case, the Tribunal upheld the CIT(A)'s decision, concluding that the penalties were unjustified. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766658