Case Law Details
Case Name : CIT Vs Eli Lilly & Company (India) Pvt. Ltd. (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
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CIT Vs Eli Lilly & Company (India) Pvt. Ltd. (Supreme Court of India)
In CIT vs. Eli Lilly & Company (India) Pvt. Ltd., the Supreme Court examined the implications of Section 271C, which imposes penalties for non-deduction of Tax Deducted at Source (TDS). The court highlighted the integrated nature of the Income Tax Act, 1961, and the relationship between charging provisions (Sections 4 and 5) and machinery provisions, such as those for TDS under Chapter XVII-B. Section 4 establishes the general charge of income tax, while Section 5 expands this to incomes accruing, arising, or deemed ...
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Author Bio
Sir,
Re: SC Judgment on levying of penalty(S271C)
I wanted full text of this judgment & if not too inconvenient, wish to know if this judgment is superseded, then citation, thereof.
Regards