2014 (7) TMI 589

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.... D K Tyagi All these appeals have been filed by the assessee against the separate orders of Ld. CIT(A) dated 17-06-211 confirming the penalty imposed by AO u/s. 271(1)(c) of the Act. ITA Nos. 2061 to 2064/Ahd/2011 Assessment Year 2003-04,04-05,05-06 & 2006-07. 2. Since these appeals belong to same assessee and are on similar facts except the figures, they are heard together and are being dis....

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....f India as MICR charges. The assessee being a deductor was supposed to be aware of the TDS provisions irrespective of the fact whether its own income was taxable or not. In absence of any reasonable cause, the AO levied penalty u/s. 271(1)(c) for non-deduction of TDS on MICR charges of Rs. 40,533/-. This action of the AO was confirmed by Ld. CIT(A) when assessee went in appeal before him. 4. Fu....

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....refore penalty imposed by AO and sustained by Ld. CIT(A) may kindly be deleted. For making this submission reliance was placed on the decision of Ahmedabad Bench of Tribunal in the case of Central Bank of India vs. JCIT vide ITA Nos. 2322, 2323, 2324 & 2325/Ahd/2011 dated 15/10/2013 in which on similar facts such penalty was deleted. Ld. DR however relied on the orders of lower authorities. 6. ....