9911796707
TMI Blog1999 (8) TMI 111X X X X Extracts X X X X X X X X Extracts X X X X ..... . 272A(2)(c) of the IT Act for delay in submission of information regarding deduction of tax at source. 2. In reply to show-cause notice issued by the AO under s. 272A(2)(c) of the IT Act, the assessee had contended that tax was deducted and deposited with the exchequer in time. However, delay in the submission' of Form No. 26 has occurred on account of the following reasons: (i) That provisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... advice of regular consultant and, therefore, delay could not be condoned on account of negligence of employees. The penalty in question was imposed and confirmed on appeal. 3. Before us, Shri M.J. Shah the learned counsel for the assessee, reiterated that tax deducted at source was deducted and paid in time, but there was some delay in the submission of Form No. 26 on account of misunderstandin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t with the statutory provision relating to submission of Form No. 26. The fact that assessee has a regular income-tax consultant would not mean that consultant had given advice to the assessee and in spite of that advice, the requisite form was not filed in time. There is no such material on record to support the above conclusion. The claim of the assessee that no loss of revenue has been caused i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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