Penalty u/s 221 - failure to deposit the TDS amount with the ...

Tribunal Upholds Penalty u/s 221 for Non-Deposit of TDS; Financial Hardship Claims Rejected.

January 10, 2020

Case Laws Income Tax HC

Penalty u/s 221 - failure to deposit the TDS amount with the Govt. - In fact, a clear finding has been recorded by the tribunal that question of financial stringency pleaded by assessee was not proved. Even otherwise, it has been held that financial stringency would not justify the non-remittance of TDS to the Government, in as much as, it would amount to utilization of money payable to the appropriate government. - Levy of penalty confirmed.

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Penalty u/s 221 - failure to deposit the TDS amount with the ...

Tribunal Upholds Penalty u/s 221 for Non-Deposit of TDS; Financial Hardship Claims Rejected.

January 10, 2020

Case Laws Income Tax HC

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