ITAT Quashes Rs. 4.17 Cr Section 271C TDS Penalty as Time-Barred by Limitation

ITO Vs Kushal Infra Project Industries India Ltd. (ITAT Delhi)

The Income Tax Appellate Tribunal (ITAT), Delhi, dismissed an appeal filed by the Department of Revenue, upholding the quashing of a penalty levied under  of the Income Tax Act, 1961, against Kushal Infra Project Industries India Ltd. The ITAT’s decision was primarily based on the finding that the penalty order, related to the alleged failure to deduct Tax Deducted at Source (TDS), was time-barred under the statutory provisions.

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