Section 271C:
Penalty for failure to deduct tax at source.
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(1) If any person fails to—
(a) deduct the whole or any part of the tax as required by or under the provisions of Chapter
XVII-B; or
(b) pay the whole or any part of the tax as required by or under—
(i) sub-section (2) of section 115-O; or
(ii) the second proviso to section 194B,
then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such
person failed to deduct or pay as aforesaid.
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(2) Any penalty imposable under sub-section (1) shall be imposed by the 5
Joint Commissioner.
Notes:
1. Ins. by Act 4 of 1988, s. 108, (w.e.f. 1-4-1989).
2. Subs. by Act 26 of 1997, s. 53, for sub-section (1), (w.e.f. 1-6-1997). Earlier it was amended by Act 12 of 1990, s. 44
(w.e.f. 1-4-1990).
3. Section 271C renumbered as sub-section (1) thereof by Act 12 of 1990, s. 44 (w.e.f. 1-4-1990).
4. Ins. by s. 44, ibid (w.e.f. 1-4-1990).
5. Subs. by Act 21 of 1998, s. 3, for “Deputy Commissioner” (w.e.f. 1-10-1998).