Penalty u/s 271(1)(c) For Non Deduction of Tax is Unfair & Unjustified

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Section 40(a )(ia) of the Income Tax Act provides that in case of non deduction of tax or non deposit of tax deducted at source on any payment which is claimed as allowable expense while computing business income , the expense will be disallowed completely. The Assessing officer also , in many case in a…