https://www.taxtmi.com/caselaws?id=410570 Section 271C penalises failure to deduct tax at source under Chapter XVII-B and does not extend to a mere delay in remitting tax already deducted. On the facts, the assessee had deducted tax under section 194A but deposited it late, so the default was one of non-payment after deduction rather than non-deduction. Following the Full Bench view that non-remittance is outside section 271C(1)(a), the penalty was held not leviable. en-us Wed, 23 Jun 2021 00:00:00 +0530 Thu, 05 Aug 2021 08:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410570 Section 271C penalises failure to deduct tax at source under Chapter XVII-B and does not extend to a mere delay in remitting tax already deducted. On the facts, the assessee had deducted tax under section 194A but deposited it late, so the default was one of non-payment after deduction rather than non-deduction. Following the Full Bench view that non-remittance is outside section 271C(1)(a), the penalty was held not leviable. Case-Laws Income Tax Wed, 23 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410570