levy of interest under Section 201(1A) and penalty under Section 271C pertaining to asst. yr. 2000-01. Since these appeals in respect ... assessee in this appeal is against the levy of penalty under Section 271C . The facts giving rise to the levy of penalty under Section 271C
relating to assessment year 2009-10 against penalty levied
under section 271C of the Income-tax Act, 1961 (in short ... erred in allowing
the appeal towards the levy of Penalty u/s 271C of the IT Act, 1961.
2) The Learned Commissioner of Income
thereon. Other set of 5 appeals pertain to penalty levied u/s 271C of the
Income Tax Act, 1961.
1.1. Since factual matrix ... initiated penalty proceedings u/s 271C of the Act. In response thereof, vide letter
dated 11.12.2014 the assessee merely requested the Assessing Officer to keep
deduction of tax at source after the insertion of Section. 271C w.e.f. 1st April, 1989. That respect of the matter, however, we will ... short-deduction of tax at source can only be imposed under Section 271C of the Act. While doing so, the Tribunal, articulating its views through
sustenance of levy of penalty at Rs. 14,78,864/- Under Section 271C of the Income-tax Act. The facts concerning this matter are that ... default committed Under Section 201 , also attracted penalty Under Section 271C . A show cause notice was issued to the company to show cause
Appeals) 31 in
relation to the penalty proceedings u/s 271C for the assessment years
2014-15, 2015-16. Assessee has challenged levy of penalty ... 271C
mainly on the following grounds:-
I. "That the Commissioner of Income Tax Appeals ['CIT (A)'] erred on
facts
Appeals) 31, in
relation to the penalty proceedings u/s 271C for the assessment year
2017-18. Assessee has challenged levy of penalty ... 271C mainly on
the following grounds:-
"1. That under the facts and circumstances the levy of penalty
circumstances of the case, the penalty
order dt. 11.01.2018 passed u/s 271C of the Income Tax Act,1961 by
the ld. Assessing Authority ... Under the facts and circumstances of the case, the penalty u/s
271C of the Act levied by the ld. Assessing Authority on the appellant
assessing officer also imposed penalties in the two years under section 271C of the Income Tax Act which was introduced with effect from ... letter dated 8-8-1994, justified the imposition of penalty under section 271C of the Income Tax Act.
8. The learned Commissioner (Appeals) cancelled
facts and circumstances of the case while deleting the penalty under section 271C, the learned Commissioner of Income Tax (Appeals) failed to appreciate that ... Income Tax (Appeals) erred in holding that the provisions of section 271C are not applicable to assessee's case as the assessee had deducted
