Mere belated TDS Remittance won’t attract Penalty u/s 271C of Income Tax Act: SC [Read Judgement]

TDS - Penalty - u - s - 271C - Income - Tax - Act - SC - TAXSCAN

The Supreme Court (SC) of India has held that mere belated TDS remittance won’t attract a penalty under section 271C of the Income Tax Act, 1961. M/s US Technologies, the appellant challenged the impugned judgment(s) and order(s) passed by the High Court of Kerala at Ernakulam in confirming the levy of interest/penalty under Section 271C…

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