S. 271C No Penalty if there was a bonafide belief for non-deducting of tax

IN THE ITAT MUMBAI BENCH ‘L’ Deputy Director of Income-tax (International Taxation)-2(1) V/s. Satellite Television Asian Region Ltd. IT APPEAL NOs. 6473 to 6475 (MUM.) OF 2009 [ASSESSMENT YEARs 2000-01 to 2002-03] JULY 6, 2012 ORDER Amit Shukla, Judicial Member These are bunch of three appeals filed by the department against consolidated order dated 22-9-2009, passed by the CIT(A)-11, Mumbai in relation to penalty proceedings under Section 271C for the assessment year 2000-01, 2001-02 & 2002-03. Since the common issues are involved in all the three appeals, th...