https://www.taxtmi.com/caselaws?id=331124 The court upheld the penalty imposed under section 272A(2)(k) of the Income-tax Act, amounting to Rs. 4,84,945, against the appellant for delayed filing of tax deducted at source returns. Emphasizing the mandatory nature of timely filing to facilitate accurate tax assessment, the court dismissed the appellant's arguments for reasonable cause and "no loss of revenue," affirming the penalties as necessary for enforcing compliance with filing obligations and ensuring proper revenue assessment. The appeals were dismissed for lack of merit, with no substantial question of law considered. en-us Mon, 08 Feb 2016 00:00:00 +0530 Sat, 13 Aug 2016 12:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331124 The court upheld the penalty imposed under section 272A(2)(k) of the Income-tax Act, amounting to Rs. 4,84,945, against the appellant for delayed filing of tax deducted at source returns. Emphasizing the mandatory nature of timely filing to facilitate accurate tax assessment, the court dismissed the appellant's arguments for reasonable cause and "no loss of revenue," affirming the penalties as necessary for enforcing compliance with filing obligations and ensuring proper revenue assessment. The appeals were dismissed for lack of merit, with no substantial question of law considered. Case-Laws Income Tax Mon, 08 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331124