https://www.taxtmi.com/caselaws?id=181827 The ITAT upheld the cancellation of a penalty imposed under section 272A(2)(k) of the Income-tax Act, 1961 for non-filing of quarterly TDS statements. The penalty was cancelled as the tax was deducted and paid on time, and the non-filing was deemed a technical breach without causing revenue loss. The ITAT emphasized that penalties should be for deliberate defiance, not technical breaches, and cited Hindustan Steel Ltd. vs. State of Orissa. Consequently, the ITAT dismissed the appeal, affirming that the penalty imposition was not justified in this case. en-us Wed, 06 Apr 2011 00:00:00 +0530 Mon, 25 Apr 2016 18:51:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181827 The ITAT upheld the cancellation of a penalty imposed under section 272A(2)(k) of the Income-tax Act, 1961 for non-filing of quarterly TDS statements. The penalty was cancelled as the tax was deducted and paid on time, and the non-filing was deemed a technical breach without causing revenue loss. The ITAT emphasized that penalties should be for deliberate defiance, not technical breaches, and cited Hindustan Steel Ltd. vs. State of Orissa. Consequently, the ITAT dismissed the appeal, affirming that the penalty imposition was not justified in this case. Case-Laws Income Tax Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181827