Tribunal held that the assessee has deposited the tax deducted at source on time hence merely because there was delay in filing of TDS return levy of penalty was held to be not justified. (AY. 2011-12)
Maharashtra Jeevan Pradhikaran v. JCIT (TDS) (2021) 190 ITD 147 / 88 ITR 30 (SN) (Pune)(Trib.) Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
S. 272A : Penalty-Failure to answer questions-Sign statements-Furnish information-Delay in filing TDS return-Tax deducted at source was deposited on time-No loss to revenue-Levy of penalty was held to be not justified. [S. 272(2)(k)]