Mega Offer Avail 65% Off in CA IPCC and 50% Off in all CA CS CMA subjects.Coupon- IPCEXAM65 & EXAM50. Call: 088803-20003

CA Final Online Classes
CA Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Liaility of TDS not advised by CA_Penalty cancelled

LinkedIn


Court :
Delhi High Court

Brief :
the assessee had made certain payments for fabrication charges, but had not deducted tax at source. The Assessing Officer held that the assessee has failed to deduct tax at source u/s.194C. The contention of the assessee was that it was not advised by its Chartered Accountant that it was liable to deduct tax at source u/s.194C of the Act and therefore the failure to deduct tax at source was bona fide.

Citation :

held that the assessee has not been correctly advised by its Chartered Accountant in regard to its liability.The Tribunal found the explanation to be bona fide. The assessee would not be liable to penalty if he is able to prove that there was a reasonable cause for failing to deduct the tax. No penalty proceedings.Delhi High Court upheld the decision of the Tribunal
 

CA.Tarun Maheshwari
on 19 August 2008
Published in Income Tax
Views :
Report Abuse

LinkedIn







Trending Tags