Penalty cannot be escaped by payment of taxes before initiation of Penalty Proceedings or for financial hardship/diverse location

Brief of the Case In, the present case the Hon’ble High Court held that the deposit of tax before the initiation of penalty proceedings will not help Assessee in escaping the penalty proceedings u/s 221. Also, the point of Financial hardship, diverse locations and lack of computerization will not give any relief to the assessee. Facts of the Case The appellant is a manufacturer who is having office at different places in India. It employed almost 9,000 persons and also served 18 Lacs shareholders. The appellant was required to deduct tax on payments made by it of salaries, dividends and int...