https://www.taxtmi.com/caselaws?id=434375 Penalty for failure to deduct tax at source was held not leviable where the contractor's tax liability had already been assessed and realised, so the revenue objective behind deduction at source was fully achieved. The applicant was an educational institution, the construction work was funded by the State Government, and the explanation that it was unaware of the deduction requirement was found plausible. In the absence of mala fide intention, continuation of penalty proceedings was considered unnecessary and productive of avoidable litigation and financial loss to the Government. en-us Tue, 21 Feb 2023 00:00:00 +0530 Thu, 23 Feb 2023 03:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434375 Penalty for failure to deduct tax at source was held not leviable where the contractor's tax liability had already been assessed and realised, so the revenue objective behind deduction at source was fully achieved. The applicant was an educational institution, the construction work was funded by the State Government, and the explanation that it was unaware of the deduction requirement was found plausible. In the absence of mala fide intention, continuation of penalty proceedings was considered unnecessary and productive of avoidable litigation and financial loss to the Government. Case-Laws VAT and Sales Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434375