No Penalty for Late TDS Filing: Timely Tax Deposit Avoids Financial Loss, Section 272A(2)(k) Technical Breach.

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....Levy of penalty u/s 272A(2)(k) - Belated filing of TDS return - On filing the belated returns/statements, Revenue has not suffered any loss because the tax deducted was already deposited on time with the Revenue Department. It was, therefore, a technical breach of the provisions contained in the Act for submitting the return statement of tax deducted at source - No penalty - AT....