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2023 (2) TMI 852 - ITAT GUWAHATILevy of penalty u/s 221 - delay in deposit of tax deducted at source (TDS) - HELD THAT:- As the case of assessee M/s. Barak Valley Cements Ltd., during the financial year 2016-17, assessee was required to deposit TDS arrears. As per the chart indexed with the order u/s 221 there is a delay of one month to twelve months in depositing such tax. Similarly, in case of M/s. Meghalaya Minerals & Mines Ltd., the TDS liability which the assessee was liable to deposit during various dates during the year. There is a delay of two months to twelve months. Details of such delay are also forming part of the order u/s 221. During the proceedings u/s 221 of the Act, no plausible reason was given by both the assessees for the said delay and even before the CIT(A), the assessees failed to appeal nor could place any evidence on record towards the reasons for such delay. We fail to find any infirmity in the findings of the ld. CIT(A) confirming the penalty u/s 221 - All the grounds of appeal raised by the assessees in these two appeals are dismissed.
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