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2015 (1) TMI 502 - UTTARAKHAND HIGH COURTLiability to deduct TDS @ 4% - Held that:- The Tribunal while rejecting the contentions of the revisionist rightly imposed the penalty to a sum representing 20% of the amount, which should have been deducted at source – revisionist contended that it is not exigible to tax being a statutory corporation and, in fact, there was a proposal, which emanated from the revisionist, which was pending before the State Government seeking exemption from payment of tax - the revisionist Corporation is a corporation, which is constituted under the State Act - even going by the revisionist, revisionist sought exemption from tax, which itself would show that it could not have been the revisionist’s understanding that it still stood exempted from the obligation to follow the provisions of Section 35 and deduct tax as provided therein - the revisionist has been granted considerable relief in the matter of quantum by the Tribunal – as such no substantial question of law arises for consideration - Decided against revisionist.
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