https://www.taxtmi.com/caselaws?id=212448 The Tribunal ruled in favor of the assessee, canceling the penalty imposed under s. 272A(2)(k) of the IT Act, 1961. The penalty of Rs. 46,700 for failure to file quarterly TDS returns within the stipulated time was overturned. The Tribunal found that the delay in filing was due to technical reasons, not intentional actions, and did not result in revenue loss. Emphasizing that penalties should not be imposed for technical breaches, the Tribunal concluded that the penalty was unwarranted in this case. en-us Tue, 31 May 2011 00:00:00 +0530 Mon, 23 Apr 2012 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212448 The Tribunal ruled in favor of the assessee, canceling the penalty imposed under s. 272A(2)(k) of the IT Act, 1961. The penalty of Rs. 46,700 for failure to file quarterly TDS returns within the stipulated time was overturned. The Tribunal found that the delay in filing was due to technical reasons, not intentional actions, and did not result in revenue loss. Emphasizing that penalties should not be imposed for technical breaches, the Tribunal concluded that the penalty was unwarranted in this case. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212448