No Penalty for Non-Deduction of TDS u/s 194H Due to Reasonable Cause and Varying Court Decisions.

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....Penalty u/s 271C - reasonable cause for non deduction of TDS u/s 194H - assessee has reasonable cause for non deduction of tax at source on the discount allowed to the prepaid distributor as there are decisions of the Hon’ble High Courts and Tribunal taking diverse views - debatable issue - no penalty....