https://www.taxtmi.com/caselaws?id=235840 The appeal was allowed as the Tribunal found that the appellant's subsequent payment of TDS before the return filing date demonstrated bona fides and substantial compliance with the law. The Tribunal emphasized the significance of providing reasonable explanations for defaults to avoid penalties under section 271(1)(c) of the Income Tax Act, 1961. The appellant's conduct, although not fully explained, did not warrant a penalty as primary facts were disclosed during assessment proceedings. The penalty for non-deduction of tax on FTS payment was deemed unjustified, leading to the appellant's successful appeal. en-us Wed, 29 May 2013 00:00:00 +0530 Tue, 06 Aug 2013 17:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235840 The appeal was allowed as the Tribunal found that the appellant's subsequent payment of TDS before the return filing date demonstrated bona fides and substantial compliance with the law. The Tribunal emphasized the significance of providing reasonable explanations for defaults to avoid penalties under section 271(1)(c) of the Income Tax Act, 1961. The appellant's conduct, although not fully explained, did not warrant a penalty as primary facts were disclosed during assessment proceedings. The penalty for non-deduction of tax on FTS payment was deemed unjustified, leading to the appellant's successful appeal. Case-Laws Income Tax Wed, 29 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235840