Kerala HC confirms penalty u/s 271C on non-deduction of TDS on interest paid by partner to the firm.

In a decision titled CIT vs. Thomas Muthoot, ITA No. 139 OF 2013, dtd. 03/07/2015, the Hon’ble Kerala HC has confirmed the levy of penalty u/s 271C for non- deduction of TDS in respect of interest paid by partner to the firm.

For complete text of judgement, click here Thomas Muthoot