https://www.taxtmi.com/caselaws?id=234028 The ITAT upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the IT Act, ruling that the delay in TDS remittance was a technical breach and not furnishing inaccurate particulars of income. Precedents supported that penalties should not apply for delayed TDS remittance under Section 40(a)(ia). The appeal by the Revenue was dismissed, affirming the CIT(A)'s decision and aligning with established case law. en-us Fri, 10 May 2013 00:00:00 +0530 Sat, 25 May 2013 17:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234028 The ITAT upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the IT Act, ruling that the delay in TDS remittance was a technical breach and not furnishing inaccurate particulars of income. Precedents supported that penalties should not apply for delayed TDS remittance under Section 40(a)(ia). The appeal by the Revenue was dismissed, affirming the CIT(A)'s decision and aligning with established case law. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234028