https://www.taxtmi.com/caselaws?id=60334 The appellate tribunal dismissed the revenue's appeal against the deletion of a penalty of Rs. 15,000 under section 221(1) of the Income-tax Act for the financial year 1990-91. The judgment emphasized the principle of double jeopardy, stating that imposing penalties under both sections 271C and 221(1) for the same default was impermissible. It highlighted the quasi-criminal nature of penalty proceedings and the statutory provisions preventing multiple punishments for identical offenses. The tribunal concluded that post the insertion of section 271C in 1989, penalty under section 221(1) could not be imposed for short deductions of tax at source, rendering the levy unsustainable in law. en-us Wed, 18 Jul 2001 00:00:00 +0530 Tue, 04 Jan 2011 17:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60334 The appellate tribunal dismissed the revenue's appeal against the deletion of a penalty of Rs. 15,000 under section 221(1) of the Income-tax Act for the financial year 1990-91. The judgment emphasized the principle of double jeopardy, stating that imposing penalties under both sections 271C and 221(1) for the same default was impermissible. It highlighted the quasi-criminal nature of penalty proceedings and the statutory provisions preventing multiple punishments for identical offenses. The tribunal concluded that post the insertion of section 271C in 1989, penalty under section 221(1) could not be imposed for short deductions of tax at source, rendering the levy unsustainable in law. Case-Laws Income Tax Wed, 18 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60334