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2014 (2) TMI 800 - ALLAHABAD HIGH COURTWaiver of penalty - Reasonable cause - Scope of reasonable cause as defined in section 273B of the Act - Short deduction of TDS on account of the payment of trade discount/commission to franchisees - Whether reasonable cause for a failure to deduct tax at source under Section 194H of the Act had been shown by the Assessee Held that:- The fundamental principle is that ignorance of law is no excuse - The CIT(A) has exercised his discretion that the assessee was under a bona fide belief that tax was not liable to be deducted on commission/trade discount - on a review of facts, it was found that a reasonable cause had been shown under Section 273B thus, the imposition of penalty which was deleted by the CIT(A) has been affirmed by the Tribunal there is no substantial question of law arises for adjudication Decided against Revenue.
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