Penalty and Prosecution for failure to deduct tax at source [ Section 271C and section 276B]

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..... t of the tax as required by or under the provisions of Chapter XVII-B (i.e. Section 192 to 206B); or b. Failure to pay dividend distribution tax Section 115O(2) ; c. Failure to pay or ensure payment of tax in respect of the winnings in kind, whether wholly or partly, where cash part is not sufficient to meet the liability for deduction of tax in respect of whole winnings as referred to in proviso .....

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..... n of tax in respect of such consideration for the transfer of VDA as referred to in proviso to Section 194S(1) . [ Section 271C(1) ] Penalty Amount 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 or ensure payment of, as aforesaid. [ Section 271C(1) ] Penalty Imposed by Any penalty imposable shall be imposed by the J .....

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