If we look at the scheme for the provision of deduction of tax at source, it becomes obvious that such person is acting on behalf of the Revenue, i.e.,as an agent of the Revenue. In fact, the person is enabled statutorily to make deduction and remit the amount to the Central Government, though in the instant case, the person who has deducted the amount may be the tenant or lessee of the petitioner and there is such inter se relationship as between the two,
MCA penalizes Excel Vehicles Pvt. Ltd. Rs. 2 crores for Section 42(6) breach. Detailed analysis of the violation, penalties, and compliance directives.
