TMI Blog2016 (7) TMI 1248X X X X Extracts X X X X X X X X Extracts X X X X ..... roduced at that time - Held that:- It is an admitted fact that the TDS was deducted and the amount was deposited in the Government account well within the time. Though there is a delay in submitting the return, the reasons given thereto appears to be very cogent and reasonable. Further, even otherwise due to such delay in filing the return, no prejudice is caused to the Revenue, nor does the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... short) dated 03.9.2014 in Appeal No.CIT(A)-14/TDS-1/IT-29/2012-13, for the assessment year (A.Y.) 2010-11. The penalty under dispute was levied by the Addl. CIT(TDS), Mumbai vide order dated 28.12.2011 u/s. 272A(2)(k) of the Income Tax Act, 1961 ( the Act hereinafter). None appeared for and on behalf of the assessee-appellant when the appeal was called out for hearing, nor is there any adjournme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 42700 42700 26Q-2nd 335 379701 33500 33500 26Q-3rd 243 353454 24300 24300 26Q-4th 92 402704 9200 9200 Am ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turn, the reasons given thereto appears to be very cogent and reasonable. Further, even otherwise due to such delay in filing the return, no prejudice is caused to the Revenue, nor does the assessee stand to gain, and default cannot be attributed as intentional to such delay. 5. Under these circumstances, for these reasons, we find that the reasons explained by the assessee constitute a reasona ..... X X X X Extracts X X X X X X X X Extracts X X X X
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