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Penalty u/s 271C could be levied only for failure to deposit TDS deducted u/s 194B and not u/s 194C

April 10, 2019[2019] 104 10 (Kerala)/[2019] 411 ITR 213 (Kerala)

IT: Non-remittance of tax deducted under section 194C of Chapter XVIIB is not covered by section 271C(1)(b) to attract penalty

IT: It is open for person/assessee concerned to claim benefit of waiver/reduction of penalty under section 273B even in a case covered by section 271C(1)(b) i.e. where there is a failure to remit tax deducted at source

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