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No Penalty u/s 271C for Late Deposit of TDS Already Deducted
Case Law Details
- Case Name
- Grindly Gases & Petrochemicals P. Ltd. Vs JCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
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Grindly Gases & Petrochemicals P. Ltd. Vs JCIT (ITAT Ahmedabad)
No Penalty u/s 271C for Late Deposit of TDS Already Deducted: ITAT Ahmedabad Remands 271C Penalty – To Verify If TDS Was Deducted or Not
The assessee, Grindly Gases & Petrochemicals Pvt Ltd, was penalised u/s 271C for failure to deduct TDS of ₹4,25,157/- on interest payments of ₹42,51,571/- made to Techtonic Motors Pvt Ltd during FY 2015-16. An order u/ss 201(1)/201(1A) treating assessee as “assessee-in-default” was passed on 04.08.2021, followed by penalty proceedings. Despite notices u/s 274, assessee did not ...
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