No Penalty for Non-Deduction of TDS: Certificates Prove Recipients Reported Income u/s 271C and 201(1).

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....Penalty u/s 271C - non deduction of tds - Since the assessee has filed the certificates of the recipients with proof that the recipients have offered the income to tax in their hands, the assessee shall not be treated as an “assessee in default” u/s 201(1) of the Act - No Penalty - AT....