Delayed Income Tax Penalty Order u/s 271C for failure to Deduct TDS not Sustainable: Delhi HC [Read Order]

The Bombay High Court delved into the meaning of the expression ‘action for imposition of penalty is initiated’ to ascertain the date of initiation of penalty proceedings.
By Avinash Kurungot - On November 16, 2024 11:47 am - 2 mins read
Delhi High Court - Delhi HC - Income Tax Penalty - Delayed Income Tax Penalty Order - Income Tax - Tax Deducted at Source - taxscan

The Delhi High Court recently quashed an Income Tax Appeal filed by the Revenue, ruling that delayed order levying penalty on an Assessee under Section 271C of the Income Tax Act, 1961 for default in timely deduction of Tax Deducted at Source (TDS) is unsustainable in law. The Income Tax Appeal filed by the Revenue…

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