https://www.taxtmi.com/caselaws?id=426623 The court held that non-filing or delayed filing of Form 26Q does not negate the benefit under Section 194C(6) of the Income Tax Act, 1961. The court emphasized that non-compliance with procedural requirements, such as Rule 31A, does not affect substantive benefits. The maximum penalty for non-compliance with Section 194C(7) was set at Rs. 200 per day. The court dismissed the revenue's appeal, upholding the relief granted to the assessee as no substantial question of law arose for consideration. en-us Fri, 12 Aug 2022 00:00:00 +0530 Sat, 20 Aug 2022 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426623 The court held that non-filing or delayed filing of Form 26Q does not negate the benefit under Section 194C(6) of the Income Tax Act, 1961. The court emphasized that non-compliance with procedural requirements, such as Rule 31A, does not affect substantive benefits. The maximum penalty for non-compliance with Section 194C(7) was set at Rs. 200 per day. The court dismissed the revenue's appeal, upholding the relief granted to the assessee as no substantial question of law arose for consideration. Case-Laws Income Tax Fri, 12 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426623