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No penalty for delay in filing quarterly TDS statement if entire tax with interest deposited
Case Law Details
- Case Name
- Telangana State Medical Services Infrastructure Development Corporation Vs ACIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 06/09/2021
- Courts
- All ITAT, ITAT Hyderabad
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Telangana State Medical Services Infrastructure Development Corporation Vs ACIT (ITAT Hyderabad)
No penalty for delay in filing quarterly TDS statement if entire tax along with interest deposited in Government account
Conclusion: Penalty under Section 272A(2)(k) could not be imposed merely for the delay in filing Quarterly TDS Statement as the entire tax along with interest thereon had been deposited in to Govt. account and later, assessee filed quarterly TDS returns for all the quarters and Revenue had not suffered any loss because tax deducted was already deposited on time a...
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