Section 37(1) & 194C of the Income-tax Act, 1961—Business expenditure—Even assuming that the assessee had not furnished the particulars as required under Sub-Section (7) of Section 194C in the prescribed form, the maximum that could be done is to impose a fine of Rs.200/- for every day of such non compliance. Therefore, this procedural law, as prescribed under Sub-Section (7) of Section 194C cannot take away the benefit, which will accrue to the assessee under Sub-Section (7) of Section 194C , thus, the matter was remanded to the Assessing Officer for a fresh consideration. - DILIP KUMAR V/s ASSTT. CIT - [2020] 269 TAXMAN 093 (MAD)