Section 271C penalty not leviable for non-deduction of TDS on Provisions

ACIT Vs Parsons Brinckershoff India Pvt. Ltd (ITAT Delhi)

We find the JCIT in the instant case levied penalty of Rs.98,92,242/- u/s 271C on the ground that the assessee has not deducted TDS on certain expenses for which provision of Rs.9,92,66459/- was created in its books of account. We find the Ld. CIT(A) deleted the penalty levied by the JCIT u/s 271C of the Act, the reasons of which have al

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