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Penalty u/s 271(1)(c) visa vis 40(a)(ia) CIT v. Venus Engineers (Guj)


Tax appeal no. 1292 of 2010 (Gujarat)

Assessee did not deduct TDS u/s 194C. Tax auditor also had not commented on this default in his audit report. Payment disallowed u/s 40(a)(ia). Assessee’s mistake found to be bonafide. No penalty can be levied u/s 271(1)(c)

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