After Scrutiny Assessment, Our assessee has received demand notice of penalty u/s 271 (1)(C) for Rs.143980.00, ITO dissallowed the Expense Interest on Loan (Unsecured Loan) due to non deduction of TDS u/s 194(A),
If any help or any reply can shorten the Penalty value, then please provide with reference.
Many Many Thanks in advance
Deepak Sharma deepak_8583 @ yahoo.com
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