https://www.taxtmi.com/caselaws?id=167932 Penalty for delayed deposit of tax deducted at source requires a prior determination of whether the statute actually treats belated deposit as a penal default, and whether it can be equated with non-deduction or non-deposit after deduction. The Tribunal had sustained and mechanically enhanced penalty month-wise without addressing that foundational question or giving a rational basis for quantification. The orders were set aside and the issue of leviability and computation of penalty for delayed deposit of deducted tax was remitted for fresh decision with reasons. en-us Tue, 17 Apr 2012 00:00:00 +0530 Thu, 08 Jan 2015 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167932 Penalty for delayed deposit of tax deducted at source requires a prior determination of whether the statute actually treats belated deposit as a penal default, and whether it can be equated with non-deduction or non-deposit after deduction. The Tribunal had sustained and mechanically enhanced penalty month-wise without addressing that foundational question or giving a rational basis for quantification. The orders were set aside and the issue of leviability and computation of penalty for delayed deposit of deducted tax was remitted for fresh decision with reasons. Case-Laws VAT and Sales Tax Tue, 17 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167932