No TDS on Payment of EDC to HUDA: ITAT deletes Penalty u/s 271C [Read Order]

TDS - Payment - EDC - HUDA - ITAT - Penalty - taxscan

The Income Tax Appellate Tribunal (ITAT), New Delhi bench deleted penalty imposed under Section 271C of the Income Tax Act 1961 and held that there is no No TDS on payment of External Development Charges (EDC) to HUDA. The issue as to whether penalty under section 271C of the Act is leviable for non-deduction of…

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