Case Law Details
Case Name : Sukhdev Singh Vs The JCIT(TDS) (ITAT Chandigarh)
Related Assessment Year :
Courts :
All ITAT ITAT Chandigarh
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Facts of the case- In this case it was informed that the assessee has not deducted the tax at source as required under the provisions of Chapter XVII-B of the Income Tax Act. The Assessing Officer levied penalty under section 271C of the Income Tax Act for a sum of Rs.40,254/- vide separate order. The assessee submitted before the learned CIT (Appeals) that he was under bonafide belief that TDS was not to be deducted on payment made to non-banking financial institution. The assessee relied upon the decision of Hon’ble Supreme Court in the case of Mls Eli Lilly & Co. (India)(P) Lt...
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Hi,
I need to pay penalty under section 271C on account of non deduction of TDS. Which challan (280 0r 281) to be used for the payment?