Penalty Waived: Bona Fide Belief and Reasonable Cause Exempt Assessee from TDS Penalty u/s 271C.

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....Penalty levied u/s 271C - bonafide belief - reasonable cause - failure to deduct the tax at source (TDS) - By the time the assessee was under obligation to deduct tax at source for the AYS under consideration, there were judgments in favour of assessee - penalty is not imposable u/s 271C - AT....