Hi
One CA was of the view that since expenses are disallowed (u/s 40(a)(ia)) in case tax has not been deducted at source, there can be no ground for levying penalty u/s 271 C
Is this view correct
Regards
Subbaiya
Subbaiya (Employee) (49 Points)
01 October 2007Hi
One CA was of the view that since expenses are disallowed (u/s 40(a)(ia)) in case tax has not been deducted at source, there can be no ground for levying penalty u/s 271 C
Is this view correct
Regards
Subbaiya
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)