https://www.taxtmi.com/caselaws?id=771685 Case Summary:The Tribunal addressed the penalty imposed under section 271(1)(c) for non-filing of Form 15CA during the assessment year 2016-17. The key issue was whether the assessee's failure to submit the form constituted a willful default. The Tribunal ruled in favor of the assessee, finding that the absence of notified rules between 01.06.2015 and 31.03.2016 created a reasonable basis for the assessee's bona fide belief that Form 15CA was not required for non-taxable remittances. Consequently, the penalty was set aside, emphasizing that statutory obligations cannot be enforced without corresponding notified rules. en-us Tue, 27 May 2025 00:00:00 +0530 Thu, 29 May 2025 08:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771685 Case Summary:The Tribunal addressed the penalty imposed under section 271(1)(c) for non-filing of Form 15CA during the assessment year 2016-17. The key issue was whether the assessee's failure to submit the form constituted a willful default. The Tribunal ruled in favor of the assessee, finding that the absence of notified rules between 01.06.2015 and 31.03.2016 created a reasonable basis for the assessee's bona fide belief that Form 15CA was not required for non-taxable remittances. Consequently, the penalty was set aside, emphasizing that statutory obligations cannot be enforced without corresponding notified rules. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771685