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penalty u/s 271C

Income Tax

271(1)(c) Penalty cannot be levied in case of Bonafide Mistake without intention to evade tax

It has been held by the Honorable ITAT Pune in the case of Amruta Organics Pvt. Ltd. Vs DCIT that penalty u/s 271(1)(c) cannot be levied where there is a…

Read More 271(1)(c) Penalty cannot be levied in case of Bonafide Mistake without intention to evade taxContinue

Income Tax

Non-Deduction of TDS due to bonafide wrong interpretation of Law is reasonable cause u/s 273B for Non Levy of Penalty u/s 271C

Non-Deduction of TDS due to bonafide wrong interpretation of Law is reasonable cause u/s 273B for Non Levy of Penalty u/s 271C

Read More Non-Deduction of TDS due to bonafide wrong interpretation of Law is reasonable cause u/s 273B for Non Levy of Penalty u/s 271CContinue

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