Tag Archives: section 271C

Income Tax Commissioner Power to Reduce or Waive Penalty [ FA 2019]

By | April 21, 2019
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Power of Commissioner to Reduce or Waive Income Tax Penalty [As amended by Finance Act, 2019] POWER OF PRINCIPAL COMMISSIONER OR COMMISSIONER TO REDUCE OR WAIVE PENALTY In the tutorial on ‘Penalties Under the Income-tax Act’, we discussed various penalties imposable under the Income-tax Act in respect of various defaults. Apart from enacting penalty provisions,… Read More »

Section 271C Penalty on ” Aishwarya Rai ” deleted due to CA certificate

By | April 27, 2016
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Facts of the Case Assessee is an individual. Assessee had remitted an amount of U.S. $ 77,500, to Ms. Simone Sheffield, resident of U.S.A. without deduction of tax under section 195 of the Act, It was submitted by the Assessee that the payment made made maintenance of website and other allied services rendered to the… Read More »