No section 271C penalty for mere delay in TDS remittance: ITAT Ahmedabad

Xcellon Education Limited Vs ACIT (ITAT Ahmedabad)

Summary: The Income Tax Appellate Tribunal (ITAT) in Ahmedabad addressed appeals concerning Xcellon Education Limited, focusing on penalties levied under sections 271C and 272A(2)(g) of the Income Tax Act for assessment years 2015-16 and 2016-17. These penalties were related to the company’s failure to deposit Tax Deducted at Source (TDS) within the stipulated time, and consequently, the late filing of TDS returns. The Assessing Officer (AO) had initially imposed penalties based on a Kerala High Court ruling,

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