Income Tax Act, 1961 with Section 201(1A) Archives

Supreme Court clarifies penalty for late TDS remittance: US Technologies vs. Commissioner of Income Tax (2023)

April 10, 2023 / C.T. Ravikumar, Income Tax Act, 1961, Income Tax Act, 1961 with Section 201(1A), Income Tax Act, 1961 with Section 271C, Income Tax Act, 1961 with Section 273B, Judges, M.R. Shah

Supreme Court Clarifies Penalty for Late TDS Remittance: US Technologies vs. Commissioner of Income Tax (2023) LEGAL ISSUE: Whether penalty under Section 271C of the Income Tax Act, 1961 is applicable on belated remittance of Tax Deducted at Source (TDS). CASE TYPE: Income Tax Law Case Name: M/s US Technologies International Pvt. Ltd. vs. The […]

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Supreme Court Clarifies Penalty for Late TDS Remittance Under Section 271C of the Income Tax Act

Supreme Court Clarifies Penalty for Late TDS Remittance Under Section 271C of the Income Tax Act LEGAL ISSUE: Whether penalty under Section 271C of the Income Tax Act, 1961 can be levied for the belated remittance of Tax Deducted at Source (TDS). CASE TYPE: Income Tax Law Case Name: M/s US Technologies International Pvt. Ltd.