Penalty u/s 271C Deemed Unjustified Due to Debatable Obligation on Tax Deduction at Source u/s 194H.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 271C - TDS u/s 194H - It is undisputed fact that this is debatable issue having two possible views and the assessee was of the view that it was not under obligation to deduct tax at source as per the provisions of chapter XVII of Income Tax and particularly u/s 194H of the tax. - Penalty levied by the AO u/s 271C is not justified - AT....