This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
When penalty under section 271C of IT Act is not leviable on Assessee for failure to deduct tax at source
Case Law Details
- Case Name
- L T John Deere P. Ltd. Vs ACIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Pune
Advertisement
RELEVANT PARAGRAPHS:
14. The assessee has also taken a plea that the assessee did not deduct the tax at source on the interest liability credited to L T Ltd. as per the legal advice given by M/s. C.C. Chokshi Co. This explanation of the assessee has been rejected by the C1T(A) by saying that this submission of the assessee that no TDS was deducted by the assessee under a legal advice of M/s. C.C. Chokshi Co., lacks merit because this advice is not obtained by the appellant but by L T Ltd., The CIT(A) further observed that since this advice was neither given to L T Finance from...
