2025 (10) TMI 1405

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....R NAVEEN CHANDRA, AM :- This appeal by the Revenue is directed against the order of the ld. CIT(A) dated 12.03.2025 pertaining to A.Y 2015-16. 2. In the instant case, the assessee had deducted TDS but there was a delay in depositing the TDS as well as issuing certificate of deduction. Therefore, the Assessing Officer has levied penalty u/s 272A(2)(g) of the Act on the assessee. 3. None....

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.... deductees can be generated only after payment of Tax Deducted at Source to the Central treasury. 4.1.11 In the present case the appellant deposited late TDS for which it had obtained compounding order along with extension of time for payment of compounding charges. The appellant paid compounding charges of Rs. 84,39,091/- and Additional Compounding Charges of Rs. 5,06,345/- for the exten....

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....ving TDS return wise and quarter wise dates of filing of TDS Returns and date of issue of TDS certificates along with number of days of delay from the date of due date of issue of TDS certificates computed from the date of filing of TDS returns reproduced below:- Form TDS Return filing date Due date for issuance of TDS Certificates (Within 15 Days of Filing Return for &nbsp....

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....n of penalty on the basis of delay computed from the date of filing of TDS returns. Accordingly, Ground Nos. 1 to 6 of appeal are partly allowed." 5. After perusing the order of the ld. CIT(A), we find that he has correctly invoked the provisions of section 273B. We are inclined to agree with the CIT(A) that the assessee had reasonable cause for the said failure and hence we do not find any rea....