https://www.taxtmi.com/caselaws?id=472052 Section 271C of the Income-tax Act applies to failure to deduct tax at source and cannot, under strict construction of penal provisions, be extended to failure or delay in depositing tax already deducted into the Central Government account. Default in remitting deducted tax attracts separate statutory consequences, including interest under Section 201(1A) and prosecution under Section 276B. Penalty under Section 271C is therefore not leviable solely for non-deposit or belated deposit of tax already deducted at source, and the penalty was directed to be deleted. en-us Wed, 16 Apr 2025 00:00:00 +0530 Mon, 28 Sep 2026 20:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472052 Section 271C of the Income-tax Act applies to failure to deduct tax at source and cannot, under strict construction of penal provisions, be extended to failure or delay in depositing tax already deducted into the Central Government account. Default in remitting deducted tax attracts separate statutory consequences, including interest under Section 201(1A) and prosecution under Section 276B. Penalty under Section 271C is therefore not leviable solely for non-deposit or belated deposit of tax already deducted at source, and the penalty was directed to be deleted. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472052