Penalty not justified for non-deduction of TDS on Lease rent due to Reasonable Cause

Addl. CIT (TDS) Vs The Principal Officer (ITAT Delhi) Section 273B of the Act provides that in case of a reasonable cause, penalty otherwise exigible, inter alia, u/s 271C of the Act, cannot be imposed. When we advert to the facts of the instant case, being – no deduction of tax at source made prior to the year of survey on 24.02.2014; no other order against the assessee requiring deduction of tax at source at that time when the assessee made payment of lease rental; and the judgment of the Hon’ble Delhi High Court delivered only on 16.02.20 17 casting obligation for making deducti...