Penalty under section 271CA equals the tax a person failed to collect and is payable as a sum. The operative rule prescribes that the penalty is a sum equal to the amount of tax which the person has failed to collect, thereby making the monetary sanction coextensive with the uncollected tax and establishing a direct compliance liability measured by that shortfall.
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.
Penalty under section 271CA equals the tax a person failed to collect and is payable as a sum.
The operative rule prescribes that the penalty is a sum equal to the amount of tax which the person has failed to collect, thereby making the monetary sanction coextensive with the uncollected tax and establishing a direct compliance liability measured by that shortfall.
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