https://www.taxtmi.com/acts?id=8664 Any person required to deduct tax at source, including a company's principal officer and specified employers, who fails to deduct or, having deducted, fails to pay the whole or any part of the tax, is deemed an assessee in default in respect of that tax. Imposition of a penalty for such failure is subject to the Assessing Officer being satisfied that the person failed to deduct and pay the tax without good and sufficient reasons. en-us Thu, 01 May 2008 18:21:07 +0530 Fri, 02 May 2008 09:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8664 Any person required to deduct tax at source, including a company's principal officer and specified employers, who fails to deduct or, having deducted, fails to pay the whole or any part of the tax, is deemed an assessee in default in respect of that tax. Imposition of a penalty for such failure is subject to the Assessing Officer being satisfied that the person failed to deduct and pay the tax without good and sufficient reasons. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 18:21:07 +0530 https://www.taxtmi.com/acts?id=8664