Search Results For: 272A(2)(c)


QUERY: Where the assessee was in default in filing of return, though the T.D.S. was deposited in time, save himself from penalty u/s. 272A(2)(c)?
ANSWER: Click here to read the full answer of the expert
EXPERT:
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When TDS was deposited in time, there is no loss to the revenue. However, non filing TDS return is a technical default.

In Hindustan Steel Ltd. vs. State of Orissa [83 ITR 26]; the Supreme Court has held that, even if a minimum penalty is prescribed, the authority competent to impose the penalty will be

QUERY: Where the assessee was in default in filing of return, though the T.D.S. was deposited in time, save himself from penalty u/s. 272A(2)(c)?
ANSWER: Click here to read the full answer of the expert
EXPERT:
SECTION(S): , ,
GENRE:
CATCH WORDS: ,

When TDS was deposited in time, there is no loss to the revenue. However, non filing TDS return is a technical default

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