The Tribunal held that the explanation offered by the assessee for the default was oversight, which is not a plausible explanation on the facts of the case. The assessee is liable for levy of penalty under S. 271(1)(c) of the Act.( AY.2009-10)
Airen Metals (P) Ltd. v. ACIT (2018) 191 TTJ 609/163 DTR 201 (Jaipur.)( Trib)
S. 271(1)(c) : Penalty – Claim for deduction of rental payments without deducting tax at source-Explanation stating that due to over sight was not accepted –Penalty was confirmed .