No Penalty for Failure to Deduct Tax: Entity Not an "Assessee-in-Default" u/ss 271C and 201 of Income Tax Act.

No Penalty for Failure to Deduct Tax: Entity Not an "Assessee-in-Default" u/ss 271C and 201 of Income Tax Act. https://www.taxtmi.com/highlights?id=28942 Penalty under section 271C - failure to deduct tax - assessee has not been treated as an "assessee-in-default" as per section 201 of the Act and is, therefore, neither liable to deduct nor pay any tax as per Chapter XVII-B nor any penalty imposed - AT en-us Tue, 03 May 2016 09:32:55 +0530 Tue, 03 May 2016 09:32:55 +0530 TaxTMI RSS Generator No Penalty for Failure to Deduct Tax: Entity Not an "Assessee-in-Default" u/ss 271C and 201 of Income Tax Act. https://www.taxtmi.com/highlights?id=28942 Penalty under section 271C - failure to deduct tax - assessee has not been treated as an "assessee-in-default" as per section 201 of the Act and is, therefore, neither liable to deduct nor pay any tax as per Chapter XVII-B nor any penalty imposed - AT Highlights Income Tax Tue, 03 May 2016 09:32:55 +0530 https://www.taxtmi.com/highlights?id=28942