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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Levy of penalty u/s 221 - Delay in the remittance of TDS to the ...


No Penalty for Delayed TDS Remittance Due to Cash Crunch, Section 221 Considered, Explanation Accepted.

December 23, 2015

Case Laws     Income Tax     AT

Levy of penalty u/s 221 - Delay in the remittance of TDS to the Government (TDS) Account - the explanation of the assessee that on account of cash crunch, remittance of TDS into Government account could not be made has not been rebutted - no penalty - AT

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