Questions & Answers On: Limitation Period

Is there a time limit for holding an assessee in default for default of Tax Collection at source?
Subject: Is there a time limit for holding an assessee in default for default of Tax Collection at source?
Category:  Income Tax
Asked by: CA Raghavendra
Answered by:
Tags: ,
Date: September 14, 2018
Excerpt of answer:

The consistent view has been taken by the various Hon’ble High Courts on this issue that when no limitation is provided in the statute then a period of four years is considered as reasonable for passing the order U/s 201(1)/201(1A) of the Act. The provisions of Section 206C of the Act are analogous and a measure for compliance of collection of tax at source as a similar measure for compliance of deduction of tax at source is provided U/s 201 of the Act