PER SIDDHARTHA NAUTIYAL - JUDICIAL MEMBER:

This appeal has been filed by the Assessee against the order passed by the Ld. Commissioner of Income Tax (Appeals), (in short “Ld. CIT(A)”), ADDL/JCIT(A)-2, Pune vide order dated 29.01.2025 passed for A.Y. 2013-

14.

2. The assessee has raised the following grounds of appeal:

“1. Ld. CIT(A) NFAC has erred in confirming the order of A.O. levying penalty U/s. 201(1) of Rs. 42,924 and interest u/s. 201(1A) of Rs. 40,866 aggregating Rs. 83,790/- for late submission of Forms 15G and 15H for non-deduction of TDS from payment of interest to depositors. In as much as, Ld. A.O. as well Hon. CIT(A) has not disputed that: i. Form No. 15G and 15H are filed. There is delay of 3 months. ii. The deductees and assessed to tax and have paid tax as per Return of Income filed. iii. The interest U/s. 201(1A) is wrongly charged since there is no liability to deduct tax. iv. The marginal delay is technical default and in view of the above facts TDS U/s. 201(1)

and interest U/s. 201(1A) cannot be levied.”

3. The brief facts of the case are that the Assessing Officer (TDS) initiated proceedings under section 201(1) and 201(1A) of the Income-tax Act, 1961 (Act) on the a