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Income Tax - Highlights / Catch Notes

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Validity of penalty u/s. 271-C - LTA exemption for TDS under ...


Penalty u/s 271-C Not Justified for LTA Exemption Rejection; Claim Rejection Doesn't Imply Automatic Liability.

August 20, 2019

Case Laws     Income Tax     AT

Validity of penalty u/s. 271-C - LTA exemption for TDS under head salary - Merely because the claim of the assessee has been rejected by the revenue authorities would not make the assessee liable for penalty.

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