https://www.taxtmi.com/caselaws?id=417987 The High Court set aside the penalty imposed on the Managing Director of a company for non-deduction of TDS under Section 192 of the Income Tax Act. The Court found that since there was no short deduction of TDS and employees had paid their taxes directly, the petitioner could not be categorized as an Assessee-in-default under Section 201(1) of the IT Act. Therefore, the penalty under Section 271C was deemed unwarranted. The Court ruled in favor of the petitioner, overturning the decisions of the lower authorities and directing that there shall be no order as to costs. en-us Wed, 02 Feb 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417987 The High Court set aside the penalty imposed on the Managing Director of a company for non-deduction of TDS under Section 192 of the Income Tax Act. The Court found that since there was no short deduction of TDS and employees had paid their taxes directly, the petitioner could not be categorized as an Assessee-in-default under Section 201(1) of the IT Act. Therefore, the penalty under Section 271C was deemed unwarranted. The Court ruled in favor of the petitioner, overturning the decisions of the lower authorities and directing that there shall be no order as to costs. Case-Laws Income Tax Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417987