https://www.taxtmi.com/caselaws?id=260241 The Tribunal dismissed all the appeals, upholding penalties under section 272A(2)(k) of the Income Tax Act for delayed filing of TDS returns. The assessee's lack of awareness about the filing requirement was deemed insufficient justification. The argument that no loss to revenue meant no penalty was rejected, emphasizing statutory compliance over revenue impact. Judicial precedents cited were found inapplicable. The Tribunal affirmed the penalties imposed by the Assessing Officer, concluding that there was no reasonable cause for the delays in filing TDS returns. en-us Thu, 30 Apr 2015 00:00:00 +0530 Sat, 06 Jun 2015 05:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260241 The Tribunal dismissed all the appeals, upholding penalties under section 272A(2)(k) of the Income Tax Act for delayed filing of TDS returns. The assessee's lack of awareness about the filing requirement was deemed insufficient justification. The argument that no loss to revenue meant no penalty was rejected, emphasizing statutory compliance over revenue impact. Judicial precedents cited were found inapplicable. The Tribunal affirmed the penalties imposed by the Assessing Officer, concluding that there was no reasonable cause for the delays in filing TDS returns. Case-Laws Income Tax Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260241