Case Law Details
Case Name : US Technologies International Pvt. Ltd. Vs CIT (Supreme Court of India)
Related Assessment Year : 2003-04
Courts :
Supreme Court of India
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
US Technologies International Pvt. Ltd. Vs CIT (Supreme Court of India)
BELATED REMITTANCE OF THE TDS AFTER DEDUCTING THE TDS WHETHER SUCH AN ASSESSEE IS LIABLE TO PAY PENALTY U/S 271C
The Apex Court decision is on appeal against order passed by the High Court of Kerala confirming the levy of interest/penalty under Section 271C.
In this case, ITO had levied penal interest u/s 201(1A) for the belated remittance of the TDS. Addl CI
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
One should not get carried away that since penalty itself is not leviable, prosecution can not be initiated. This is a case where the Act doesn’t provide for the penalty. Prosecution provsions DO APPPLY. In fact para 7.7 of the decision is emphatic.