ITAT deleted penalty as no loss occurred to revenue if TDS statement was filed belatedly

INCOME TAX : Where no loss had occurred to revenue due to late filing of TDS statements/returns by assessee because tax deducted at source was already deposited on time and there was mere technical breach to provisions contained in Act for submitting return/statements of TDS, penalty levied under section 272A(2)(k) was not justified.

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