Supreme Court of India
M/s Us Technologies International Pvt. Ltd v. The Commissioner of Income Tax
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1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the above and for the reasons stated above, all these appeals succeed.
Judgment, page 15
From the headnote
Income Tax Act, 1961 – s.271C – Interpretation of – Belated remittance of the TDS after deduction, such assessee if liable to pay penalty u/s.271C – Held: No –s.271C(1)(a) shall be applicable in case of failure on the part of the concerned person/assessee to “deduct” the whole or any part of the tax as required by or under the provisions of Chapter XVIIB – Words used in s.271C(1)(a) are ‘fails to deduct’ – It does not speak about belated remittance of the TDS – Thus, there shall not be any penalty leviable u/s.271C on mere delay in remittance of the TDS after the same is deducted by the…
Where later benches applied it
Of those, 1 referred to
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