No Penalty for Not Depositing TDS u/s 271C(1)(b); Applies Only to Non-Deduction Cases.

Levy of penalty TDS deducted u/s 194C but not deposited - No penalty is leviable on account of failure to deposit TDS u/s 271C(1)(b). Under Section 271C(1)(a)penalty is leviable only for non deduction of TDS. .....

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