Summary
- The ITAT Jodhpur has deleted a ā¹1.12 lakh penalty under Section 271C for failure to deduct TDS on property sale.
- The decision came after the seller disclosed the income and provided Form 26A, indicating compliance with tax regulations.
- This ruling highlights the importance of proper documentation in property transactions and TDS obligations.
- The implications of this decision could influence future cases involving TDS penalties and disclosure practices.
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