APPLICABILITY OF SECTION 271 C OF INCOME TAX ACT

[AJIT Tiwary]

Dear Expert,

i would like to explan the matter through example, as follow:

Mr. A started its profession in the year 2012-13 and had not taken registration of TAN under income tax act. during financial year 2015-16 he has taken TAN and pay all liabilities related to TDS provision of income tax act. after few year survey has been conducted in his premises and liability related to financial year 2014-15 arised which also has been paid by Mr.A. now penality under section 271C has been initieted for the financial year 2014-15.

question is that :is Mr. A liable for penalty if he has not taken registration TAN in financial year 2014-15. if yes please guide me how and, if no please provide me case law which will be justifiable for that.

AI Summary

Does Section 271C Penalize Mr. A for Lacking TAN in 2014-15 Despite Later Compliance? Expert References Case Law. A user inquired about the applicability of Section 271C of the Income Tax Act, questioning whether Mr. A is liable for a penalty for not having a Tax Deduction and Collection Account Number (TAN) during the 2014-15 financial year, despite having paid all related liabilities later. An expert responded by referencing a relevant case law, Shiv Sai Infrastructure (P) Ltd. Vs. ACIT, which may provide guidance on the issue. The discussion focuses on whether the absence of TAN registration at the time incurs penalties under the specified section.