2012 (12) TMI 1124

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..... . Thus, there was no loss to the revenue. When the TDS was deposited alongwith interest and there was no loss to the revenue, then there was no justification for levy of the penalty - There was no malafide intention on the part of the assesee. There was no justification for levy of the penalty - deletion of penalty upheld - Appeal dismissed - decided against Revenue. - Trade Tax Revision Defec .....

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..... f the Trade Tax Act, vide order dated 19.07.2004. The same was upheld by the first appellate authority. However, the Tribunal vide its impugned order has cancelled the penalty. From the record, it appears that the petitioner had deposited the TDS alongwith interest for the delay. Thus, there was no loss to the revenue. When the TDS was deposited alongwith interest and there was no loss to the r .....

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