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
clause (a), after the figures "271", the figures and letters ",271C, 271CA" shall be inserted
cancelling
the penalty u/s 271C of the Act levied for non deduction of tax/ short deduction of tax on
account of bank guarantee commission ... commission was done
before 01.01.2013 and penalties are correctly imposed u/s 271C.
3. Brief facts of the case is that assessee has paid bank
appeals involve a solitary issue of confirmation/reduction of penalty u/s
271C of the Income-tax Act, 1961 (hereinafter also called ... passed. Pursuant to that, penalty was imposed u/s 271C
case in holding that penalty of Rs.83,10,083/- u/s. 271C
cannot be sustained merely on the ground of default without
considering ... Year 2013-14 and have thus
defaulted the legal provisions of Section 271C of the Income-tax Act.
4. Shaw cause notice were issued
assessment years 2009-10
and 2010-11 against penalty levied under section 271C of the Income-tax Act,
1961 (in short ... Pune of levying penalty
of Rs. 320,427 under section 271C of the ITA in respect of short-
deduction of tax at source on certain
Fuji Bank Limited 121 Taxman 25 in
which the penalty under Section 271C had been deleted in similar
circumstances, there was no legal infirmity ... some
of the cases herein the Department has levied penalty under Section
271C of the 1961 Act for failure to deduct tax under Section
judgment in which questions relating to Section 201(1) , 201(1A) and 271C of Act, 1961 were raised. In the present appeals we are concerned ... with that part of judgment which relates to penalty under Section 271C of Act, 1961.
4. Following substantial question of law has raised in these
failed to consider the fact that as per
Section 271C, the minimum penalty leviable is equivalent to the
Tax not deducted which cannot be termed ... JCIT, TDS Range initiated
proceedings under section 271C of the Act by issuing show cause notice.
Having not received any response to the notice
assessment years
2008-09 to 2011-12 against order passed under section 271C of the Income
Tax Act, 1961 (in short ... erred in confirming penalty of Rs.6,41,219/- under
section 271C of the Income Tax Act, 1961 for short/non deduction
