https://www.taxtmi.com/caselaws?id=204760 Penalty for failure to deduct tax at source and for delayed filing is not automatic where the assessee asserts reasonable cause. The material notes that section 271C operates subject to the reasonable-cause safeguard in section 273B, so the assessee's bona fide explanation must be meaningfully examined before penalty is sustained. It also states that the explanation for delay under section 272A(2)(c) had not been properly considered by the lower authorities. On that basis, both penalty issues were remitted for fresh, de novo consideration after evaluating the assessee's explanation in accordance with law. en-us Wed, 24 Feb 2010 00:00:00 +0530 Wed, 19 Dec 2012 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204760 Penalty for failure to deduct tax at source and for delayed filing is not automatic where the assessee asserts reasonable cause. The material notes that section 271C operates subject to the reasonable-cause safeguard in section 273B, so the assessee's bona fide explanation must be meaningfully examined before penalty is sustained. It also states that the explanation for delay under section 272A(2)(c) had not been properly considered by the lower authorities. On that basis, both penalty issues were remitted for fresh, de novo consideration after evaluating the assessee's explanation in accordance with law. Case-Laws Income Tax Wed, 24 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204760