2 results for “TDS”+ Section 276Cclear
Sorted by relevance
In the result, assessee’s appeal is dismissed
Bench: Shri Amarjit Singh & Ms. Madhumita Roy
276C of the I.T. Act. Object behind enactment of Section 271 (l)(c) read with Explanations indicates that the said section has been enacted to provide for a remedy for loss of revenue. The penalty under that provision is a civil liability. Wilful concealment is not an essential ingredient for attracting civil liability as is the case in the matter