Wrong claim of TDS would not amount to Penalty u/s 271: ITAT quashes Penalty [Read Order]

Wrong claim - TDS - ITAT - penalty - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and M S Kavitha Rajagopal, JM has held that the wrong claim of TDS would not amount to the Penalty u/s 271 of the Income Tax Act,1961. The assessee engaged in the business of plastic products. He filed a return…

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