Allowing the appeal of the assessee the Tribunal held that income tax deducted at source were deposited in time and only filing of the TDS return was delayed in the initial years of switch-over from manual system to e-filing of quarterly TDS returns. As the assessee has shown a reasonable cause falling within parameters of S. 273B of the Act, levy of penalty is held to be not justified .( AY.2011-12)
Board of Control for Cricket In India. v. ACIT (2019) 174 ITD 355 (Mum) (Trib.)
S. 272A : Penalty – Delay in filing quarterly TDS returns- Tax deducted was deposited in time – Filing of TDS return was delayed in initial years of switch-over from manual system in a e-filing of quarterly TDS returns due to several technical glitches in working of revenue’s server- Levy of penalty is held to be not justified .[ S. 272A(2) (K),273B ]