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Income Tax - Highlights / Catch Notes

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Prosecution proceedings for TDS default - allegation that ...

Income Tax

September 2, 2023

Prosecution proceedings for TDS default - allegation that petitioner’s firm had deducted TDS for the financial year 2015-16, Assessment year 2016-17 but failed to deposit the same with the department - on deposit of TDS with interest, penalty was waived - there was no occasion to proceed against the petitioner under section 276(B) of the Income Tax Act. - HC

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