TDS Defaults - Action Thereon.

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..... by various assessees. The matter has been considered and examined and this Instruction issues with the approval of Central Government. 2. So far as the levy of penalty u/s 271C is concerned, the penalty u/s 271C is to be levied in cases where there is a failure to deduct the whole or any part of tax as required by or under the provisions of Chapter XVII B. However, as per Section 274 of I.T. Act .....

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