https://www.taxtmi.com/caselaws?id=174101 The Tribunal partly allowed the revenue's appeal, reversing the deletion of the penalty under section 272A(2)(k) of the Income Tax Act for late filing of Form 26Q. The Tribunal found the delay significant and lacking bona fide reasons, leading to the restoration of the penalty order. The appeal on condonation of delay in filing the appeal was rejected, as the Ld. CIT(A) had validly exercised discretion in condoning the delay based on the reasons provided by the assessee. en-us Fri, 25 Nov 2011 00:00:00 +0530 Wed, 30 Sep 2015 11:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174101 The Tribunal partly allowed the revenue's appeal, reversing the deletion of the penalty under section 272A(2)(k) of the Income Tax Act for late filing of Form 26Q. The Tribunal found the delay significant and lacking bona fide reasons, leading to the restoration of the penalty order. The appeal on condonation of delay in filing the appeal was rejected, as the Ld. CIT(A) had validly exercised discretion in condoning the delay based on the reasons provided by the assessee. Case-Laws Income Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174101