Delhi High Court Clarifies When Penalty Proceedings Are ‘Initiated’ Under Section 271C of the Income Tax Act for TDS Non-Compliance

By clarifying that penalty initiation begins from the earliest action, such as a reference from the AO, the Delhi High Court underscores that delays in issuing show-cause notices do not extend the penalty imposition timeline. In a recent ruling, the … Continue reading Delhi High Court Clarifies When Penalty Proceedings Are ‘Initiated’ Under Section 271C of the Income Tax Act for TDS Non-Compliance