https://www.taxtmi.com/caselaws?id=334232 The Tribunal decided to delete the penalties imposed on the assessee for delays in filing TDS returns for Assessment Years 2008-09, 2009-10, and 2010-11. The Tribunal noted the assessee's voluntary tax deposits, emphasized penalties should only apply for deliberate and inexcusable delays, and found no evidence of wilful negligence. Citing a similar case, the Tribunal highlighted penalties should not be imposed without reasonable cause for delay. The decision to delete penalties was based on the assessee's honesty and voluntary filing of returns, setting a non-precedential outcome. en-us Wed, 19 Oct 2016 00:00:00 +0530 Mon, 07 Nov 2016 17:21:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334232 The Tribunal decided to delete the penalties imposed on the assessee for delays in filing TDS returns for Assessment Years 2008-09, 2009-10, and 2010-11. The Tribunal noted the assessee's voluntary tax deposits, emphasized penalties should only apply for deliberate and inexcusable delays, and found no evidence of wilful negligence. Citing a similar case, the Tribunal highlighted penalties should not be imposed without reasonable cause for delay. The decision to delete penalties was based on the assessee's honesty and voluntary filing of returns, setting a non-precedential outcome. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334232