https://www.taxtmi.com/highlights?id=64307 Levy of penalty u/s 271C - assessee failed to pay the deducted tax within the stipulated time - crucial facts were totally ignored by the AO as well as by the CIT(A) - payment of delayed TDS to the Government Treasury was not a negligent act on the part of the assessee but due to unavoidable circumstances. Therefore, Section 271C of the Act is not properly invoked. - AT en-us Tue, 28 Jun 2022 07:44:52 +0530 Tue, 28 Jun 2022 07:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64307 Levy of penalty u/s 271C - assessee failed to pay the deducted tax within the stipulated time - crucial facts were totally ignored by the AO as well as by the CIT(A) - payment of delayed TDS to the Government Treasury was not a negligent act on the part of the assessee but due to unavoidable circumstances. Therefore, Section 271C of the Act is not properly invoked. - AT Highlights Income Tax Tue, 28 Jun 2022 07:44:52 +0530 https://www.taxtmi.com/highlights?id=64307