taxes by the deductee-assessee or the liability for
penalty under section 271C of the Income tax Act."
9.2 The relevant finding recorded ... penalty on the amount of sale in this case u/s
271C , when the assessee has been held to be not an assessee in
default
following grounds of appeal:-
"1. Impugned order passed u/s 250/271C is bad in law and on
facts being against the principal ... erred in levying penalty under section 271C of the
Income tax Act, 1961 amounting to Rs. 99,850/- on the appellant
University for alleged
against different orders of the
CIT(A) dated 24.09.2010 passed u/s 271C of the I.T.Act, for
assessment years ... reasons mentioned hereinabove, however, no penalty
proceedings under section 271C shall be taken in any of these cases
as the issue involved was a nascent
justified in deleting the
penalty levied u/s 271C of the Act.
3. Brief facts of the case are that the assessee company is
functioning ... Subsequently, the penalty proceedings u/s 271C
were initiated by the Assessing Officer and levied penalty of Rs.
3,27,70,364/- which
upheld the imposing
penalty of Rs.4,53,400/- U/s.271C r.w.s. 201(1) of the Act.
3. The learned ... NFAC has erred in upheld in the imposition
of penalty u/s.271C even though no order u/s.201 (1) has been passed
which in turn arise from
the order dated 16.12.2020 passed under section 271C of the Income Tax
Act, by Addl. CIT, Range TDS, Udaipur ... facts a show
cause notice under section 274 read with section 271C of the I.T. Act, 1961
was issued on 21.01.2020 to the deductor
Vijaya Hospitality and Resorts Limited.
has been imposed u/s 271C of the I.T.Act amounting to
Rs.9,12,060.
4. The brief ... issued notice show causing
the assessee why the penalty u/s 271C of the I.T.Act should
not be imposed. The assessee in reply
before it against the order dated 12/01/2018 passed u/s 271C of the
Income Tax Act, 1961 (hereinafter referred ... payment of External Development Charges (EDC) and
accordingly penalty u/s 271C was initiated. In response, the assessee filed
stating that provisions of section 194C
survey was forwarded to the
Assessing Officer (TDS). A notice u/s 271C of the Act was issued to
the Assessee by the Additional Commissioner ... view
of the above discussion is liable for penalty u/s 271C of the Act.
Consequently the Addl. CIT imposed the penalty to the tune
before it against the order dated 24/01/2018
passed u/s 271C of the Income Tax Act, 1961 (hereinafter referred ... payment of External Development Charges (EDC) and
accordingly penalty u/s 271C was initiated. In response, the assessee filed
stating that provisions of section 194C
