https://www.taxtmi.com/caselaws?id=189679 The Appellate Tribunal ITAT Mumbai allowed the Assessee's appeal against the penalty levied under section 272A(2)(k) for failure to file quarterly TDS returns. The Tribunal found the delay in filing returns due to compliance guidelines reasonable, as the Assessee had promptly deducted TDS and deposited the amount on time. Noting that the delay did not prejudice the Revenue and was unintentional, the Tribunal held that the penalty imposed was not justified. Therefore, the Tribunal set aside the lower authorities' orders and ruled in favor of the Assessee on July 5th, 2016. en-us Tue, 05 Jul 2016 00:00:00 +0530 Mon, 16 Jan 2017 20:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189679 The Appellate Tribunal ITAT Mumbai allowed the Assessee's appeal against the penalty levied under section 272A(2)(k) for failure to file quarterly TDS returns. The Tribunal found the delay in filing returns due to compliance guidelines reasonable, as the Assessee had promptly deducted TDS and deposited the amount on time. Noting that the delay did not prejudice the Revenue and was unintentional, the Tribunal held that the penalty imposed was not justified. Therefore, the Tribunal set aside the lower authorities' orders and ruled in favor of the Assessee on July 5th, 2016. Case-Laws Income Tax Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189679