Penalty u/s 271C - bonafide belief - Governmental authority ...
No Penalty for Non-Deduction of TDS u/s 271C if Bona Fide Belief Exists Based on Government Advice.
September 16, 2019
Case Laws Income Tax AT
Penalty u/s 271C - bonafide belief - Governmental authority itself has demanded not to deduct TDS. In case even if tax was required to be deducted on such payment but not deducted under a bonafide belief then no penalty shall be leviable u/s 271C - AT
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