Held that financial difficulties may not be very relevant to justify non-remittance of TDS unless assessee also shows that they were not able to pay payments on which TDS was made. Levy of penalty is justified. (AY. 2013-14, 2014-15)
Deccan Charters (P.) Ltd. v. DCIT (TDS) (2022) 194 ITD 59 (Bang.)(Trib.)
S. 221 : Collection and recovery-Penalty-Chartered flying of small aircrafts-Tax in default-Financial difficulties-Not remitting the tax deducted at source. [S. 195]