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2004 (5) TMI 53 - HC - Income Tax
Penalty imposed under section 271C - failure to deduct the tax at source on payment made to employees outside India. – Tribunal was of opinion that there was a reasonable cause for not deducting the tax at source on account of emoluments paid to the expatriate employees outside India and hence no penalty under section 271C is exigible by the alleged default - the action of the authorities in not levying the penalty/dropping proceedings cannot be said to be unreasonable. Considering the limited jurisdiction as well as limited scope for interference in a writ petition, we do not find any justification to interfere with orders holding that penalty was not leviable – Revenue’s appeal is dismissed