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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Levy of penalty u/s 271C – Non-deduction of TDS on interest ...


Penalty Waived for Non-Deduction of TDS on Interest Payments Due to "Reasonable Cause" u/s 273B of Income Tax Act.

October 9, 2014

Case Laws     Income Tax     AT

Levy of penalty u/s 271C – Non-deduction of TDS on interest payment to partnership firm – the explanation offered by the assessee fits in the category of “reasonable cause“ in terms of sec.273B of the Act - AT

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