Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Failure to collect tax at source triggers a penalty equal to the unpaid tax, imposed by the assessing officer. Failure to collect tax at source creates a penalty equal to the tax not collected; the penalty is to be imposed by the Assessing Officer following the statutory amendment, replacing prior imposition by the Joint Commissioner.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Failure to collect tax at source triggers a penalty equal to the unpaid tax, imposed by the assessing officer.
Failure to collect tax at source creates a penalty equal to the tax not collected; the penalty is to be imposed by the Assessing Officer following the statutory amendment, replacing prior imposition by the Joint Commissioner.
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