N C SHAW AND CO BEVERAGES PRIVATE LIMITED ,KOLKATA vs. INCOME TAX OFFICER, TDS CIRCLE 2(2), KOLKATA, KOLKATA

In the result, the appeal filed by the assessee is allowed

Bench: Sri Pradip Kumar Choubey & Sri Rakesh Mishra

271C of the Act as appellant has a bona fide belief and a reasonable cause that such payments are not liable to deduction of tax at source, thus in view of provisions of Section 273B of the Act, no penalty can be levied.” Page 3 of 22 I.T.A. Nos.: 1925 & 1947/KOL/2024 Assessment Year: 2015-16 N C Shaw

N C SHAW AND CO BEVERAGES PRIVATE LIMITED,KOLKATA vs. ADDL. COMMISSIONER OF INCOME TAX (TDS), RANGE-2, KOLKATA, KOLKATA

In the result, the appeal filed by the assessee is allowed

Bench: Sri Pradip Kumar Choubey & Sri Rakesh Mishra

271C of the Act as appellant has a bona fide belief and a reasonable cause that such payments are not liable to deduction of tax at source, thus in view of provisions of Section 273B of the Act, no penalty can be levied.” Page 3 of 22 I.T.A. Nos.: 1925 & 1947/KOL/2024 Assessment Year: 2015-16 N C Shaw

RAIGANJ CENTRAL CO-OPERATIVE BANK LTD.,RAIGANJ, UTTAR DINAJPUR vs. D.C.I.T., CIRCLE - 2, JALPAIGURI, JALPAIGURI

68,963/- under section 115-0 of the Income Tax Act, 1961 and\ninterest thereon Rs.4,06,965/- under section 115-P of the Act considering\nthe appellant as a Domestic Company instead of Co-operative Society,\nwhich is illegal, arbitrary and bad in law.\n5. THAT on the facts of the case, the Ld. CIT (Appeals)-NFAC

RAIGANJ CENTRAL CO-OPERATIVE BANK LTD.,RAIGANJ, UTTAR DINAJPUR vs. JCIT (TDS), RANGE - 6, SILIGURI

68,963/- under section 115-O of the Income Tax Act, 1961 and\ninterest thereon Rs.4,06,965/- under section 115-P of the Act considering\nthe appellant as a Domestic Company instead of Co-operative Society,\nwhich is illegal, arbitrary and bad in law.\n5. THAT on the facts of the case, the Ld. CIT (Appeals)-NFAC

RAIGANJ CENTRAL CO-OPERATIVE BANK LTD.,RAIGANJ, UTTAR DINAJPUR vs. D,C,I.T., CIRCLE - 2, JALPAIGURI, JALPAIGURI

In the result, the appeal filed by the Revenue in ITA No

Bench: Shri George Mathan & Shri Rakesh Mishra

68,963/- under section 115-O of the Income Tax Act, 1961 and interest thereon Rs.4,06,965/- under section 115-P of the Act considering the appellant as a Domestic Company instead of Co-operative Society, which is illegal, arbitrary and bad in law. 5. THAT on the facts of the case, the Ld. CIT (Appeals)-NFAC