S. 271C : Penalty – Failure to deduct at source -Failure or delay in remittances of tax deducted at source -Attracts interest and prosecution- No provision for levy of penalty- Interpretation Of Taxing statutes -Penal provisions -Strict construction. [S. 115O(2), 194B, 201(1A), 271C, 276B]
US Technologies International Pvt. Ltd. v CIT (2023)453 ITR 644/ 293 Taxman 27/ 332 CTR 176/ 224 DTR 265 (SC) Eurotech Maritime Academy Pvt. Ltd. v CIT (TDS) (2023)453 ITR 644/ 293 Taxman 27/ 332 CTR 176/ 224 DTR 265 (SC) Editorial: Decision in CIT (TDS) v. Eurotech Maritime Academy Pvt. Ltd(2019) 415 ITR 463 (Ker) (HC), reversed.