|
The Tax Publishers2019 TaxPub(DT) 6624 (Mum-Trib) INCOME TAX ACT, 1961
Section 271(1)(c)
Non accounting/booking of TDS as income in assessee's books of account was due to inadvertent mistake and no penalty under section 271(1)(c) was attracted in the case of assessee.
|
Penalty under section 271(1)(c) - Validity of - TDS not accounted by assessee -
Penalty under section 271(1)(c) was imposed on assessee because of not accounting/booking of TDS. Held: Non-accounting/booking of TDS as income in assessee's books of account was due to inadvertent mistake and no penalty under section 271(1)(c) was attracted in the case of assessee.
REFERRED : Price Waterhouse Coopers (P.) Ltd. v. CIT (2012) 348 ITR 306 (SC) : 2012 TaxPub(DT) 2967 (SC) CIT v. Reliance Petroproducts (P.) Ltd. (2010) 322 ITR 158 (SC) : 2010 TaxPub(DT) 1683 (SC) SA Builders Ltd. v. CIT (2007) 288 ITR 1 (SC) : 2007 TaxPub(DT) 0833 (SC) CIT v. Somany Evergreen Knits Ltd. (2013) 352 ITR 592 (Bom) : 2013 TaxPub(DT) 1283 (Bom-HC) and CIT v. Bennett Coleman & Co Ltd. (2013) 87 DTR 368 (Bom) : 2013 TaxPub(DT) 1643 (Bom-HC)
FAVOUR : In assessee's favour
A.Y. :
IN THE ITAT, MUMBAI BENCH
R.C. SHARMA, A.M. AND PAWAN SINGH, J.M.
Paytronic Network (P) Ltd. v. Dy. CIT
ITA No. 1417 & 1418/Mum/2018
18 September, 2019
Assessee by: Jitendra Jain, Mahesh O. Rajora (Authorised Representatives)
Revenue by: Chaudhary Arun K. Singh (Departmental Representative)
SUBSCRIBE FOR FULL CONTENT
|