Income Tax Act including
the Tribunal upholding levy of penalty under Section 271C of the Income
Tax Act. In this background, the appellant has raised ... remitting the
tax and that no penalty was exigible u/S 271C since the
entire tax along with interest was remitted long before the
initiation
these appeals is with regard to levy of
penalty u/s. 271C of the I.T. Act.
2 I.T.A. Nos.469-472/Coch ... assessee has filed appeals against
the orders levying penalty u/s. 271C of the I.T. Act in respect of the
Financial Years
Penalty was imposed
by Addl.CIT (TDS), Range-57, Kolkata u/s. 271C of the Act vide his order dated
01.02.2010.
2. The only issue ... deleting
the penalty levied by Addl.CIT(TDS) u/s. 271C of the Act for failure/short deduction
recovery of the outstanding demands relating to penalty u/s 271C of the Act
imposed by the income-tax authorities on account of the failure ... four assessment
years are as under :-
Assessment Year Penalty Demand u/s 271C
International
2 M/s. Leighton Welspun Co.P.L
Taxation) u/s 271C of the Act. The Revenue has filed following
grounds of appeal ... whether the Ld. CIT(A) erred in
holding that provisions of Sec. 271C would not be
applicable in the absence of any desire
outstanding demand of
Rs.27,93,47,377/- levied u/s.271C ... details of which are as under :
Financial Year Demand u/s.271C
Income Tax (Appeals)-II, Hyderabad,
confirming the penalty levied u/s 271C by the Addl.
Commissioner of Income -tax, Range-15, Hyderabad ... Commissioner of Income-tax, Range-
15, Hyderabad, initiated penalty proceedings u/s 271C ,
show causing why penalty cannot be levied for defaults in
tax deducted
incurred by the assessee and
thereby deleting the penalty levied under S.271C of the Income Tax
Act,1961.
2. Brief facts of the case ... demands raised.
4. Thereafter, the Assessing Officer initiated penalty
proceedings under S.271C of the Act for failure to deduct TDS. In
reply
Addl. CIT/13-14, in proceedings under section 271C of the
Income Tax Act, 1961; in short ... ACIT
2. The assessee's sole substantive ground challenges section
271C penalty of Rs. 96,015/- imposed by both the lower authorities
on account
Assessee was asked to show cause as to
why penalty u/s. 271C be not levied to which Assessee interalia submitted
that it was under ... order dated 09.09.2010 levied a penalty of Rs. 7,287/- u/s.
271C of the Act. Aggrieved by the order of A.O., Assessee carried
