{"id":13031,"date":"2020-10-17T06:12:53","date_gmt":"2020-10-17T06:12:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shri-jitendra-sharma-v-jcit-indore-trib-www-itatonline-org-shri-bharat-sharma-v-jcit-indore-trib-www-itatonline-org-shri-shatrughan-sharma-v-jcit-indore-trib-www-itatonline-org\/"},"modified":"2020-10-17T06:12:53","modified_gmt":"2020-10-17T06:12:53","slug":"shri-jitendra-sharma-v-jcit-indore-trib-www-itatonline-org-shri-bharat-sharma-v-jcit-indore-trib-www-itatonline-org-shri-shatrughan-sharma-v-jcit-indore-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shri-jitendra-sharma-v-jcit-indore-trib-www-itatonline-org-shri-bharat-sharma-v-jcit-indore-trib-www-itatonline-org-shri-shatrughan-sharma-v-jcit-indore-trib-www-itatonline-org\/","title":{"rendered":"Shri Jitendra Sharma v .JCIT ( Indore) (Trib) www.itatonline.org Shri Bharat Sharma v .JCIT ( Indore) (Trib) www.itatonline.org Shri Shatrughan Sharma v . JCIT ( Indore) (Trib) www.itatonline.org"},"content":{"rendered":"<p>The assessee deducted the tax under section 194IA of the Act and when he came to know that one of the purchaser is non -resident he deducted the tax as per section 195 of the \u00a0Act. The \u00a0AO levied the penalty\u00a0 which was confirmed by the CIT (A) , on appeal the Tribunal held that \u00a0no penalty under S. 271C is leviable when the Assessee has deducted tax at source under S. \u00a0194IA instead of S. 195 when the immovable property is purchased from non resident especially when on pointing out the tax was correctly recovered and deposited. Tribunal also observed that \u00a0the moment a person comes to know that he has committed a mistake and being a person of reasonable intelligence and ordinary prudence if he takes the corrective measures to rectify the same immediately, then it cannot be said that he acted deliberately with complete disregard to law. Penalty was deleted . Followed DCIT \u00a0v . Sms India Ltd (supra) (2006) 7 SOT 424 ( Mum) (Trib . (ITA No.500\/Ind\/2018 \u00a0dt 14-10 -2020)\u00a0\u00a0 ( AY. 2015 -16)<\/p>\n<p>\u00a0<a href=\"https:\/\/itatonline.org\/digest\/wp-content\/uploads\/2020\/10\/1602657429-Jitendra-Sharma-Ors.pdf\">https:\/\/itatonline.org\/digest\/wp-content\/uploads\/2020\/10\/1602657429-Jitendra-Sharma-Ors.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271C : Penalty &#8211; Failure to deduct at source \u2013 Non -resident \u2013 Short deduction of tax \u2013  levy of penalty is not justified when the assessee has deducted tax at source under S.  194IA instead of S 195 of the Act &#8211;   Levy of penalty  was deleted .  [ S. 194IA ,195,201, 201(IA),  273B ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-13031","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3ob","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13031"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13031\/revisions"}],"predecessor-version":[{"id":13032,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13031\/revisions\/13032"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}