https://www.taxtmi.com/caselaws?id=71841 The Tribunal reversed the CIT(A)'s decisions on both issues, upholding the Assessing Officer's findings and allowing the appeals in favor of the Revenue. Regarding the reduction of tax demand and interest under Sections 201 and 201(A) of the IT Act, the Tribunal held that the liability to deduct tax at source is clear and not affected by the recipient's receipts. Concerning the cancellation of penalties under Section 272A(2)(c) of the IT Act, the Tribunal emphasized that non-compliance with TDS deposit requirements does not excuse failure to file returns, reinstating the penalties. en-us Wed, 07 Mar 2001 00:00:00 +0530 Wed, 27 Apr 2011 13:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71841 The Tribunal reversed the CIT(A)'s decisions on both issues, upholding the Assessing Officer's findings and allowing the appeals in favor of the Revenue. Regarding the reduction of tax demand and interest under Sections 201 and 201(A) of the IT Act, the Tribunal held that the liability to deduct tax at source is clear and not affected by the recipient's receipts. Concerning the cancellation of penalties under Section 272A(2)(c) of the IT Act, the Tribunal emphasized that non-compliance with TDS deposit requirements does not excuse failure to file returns, reinstating the penalties. Case-Laws Income Tax Wed, 07 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71841