https://www.taxtmi.com/caselaws?id=192297 The Tribunal deleted the penalties imposed under section 272A(2)(k) of the Income-tax Act for late filing of TDS returns for Assessment Years 2011-12 and 2012-13. The Tribunal found that the delayed filing was due to financial constraints faced by the assessee, who had paid the full TDS amount with interest before the show cause notice, resulting in no loss to the Revenue. Citing precedents, the Tribunal emphasized that penalties should not be imposed when there is a reasonable cause for the delay, as per Section 273B of the Act. en-us Wed, 03 Feb 2016 00:00:00 +0530 Wed, 24 May 2017 07:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192297 The Tribunal deleted the penalties imposed under section 272A(2)(k) of the Income-tax Act for late filing of TDS returns for Assessment Years 2011-12 and 2012-13. The Tribunal found that the delayed filing was due to financial constraints faced by the assessee, who had paid the full TDS amount with interest before the show cause notice, resulting in no loss to the Revenue. Citing precedents, the Tribunal emphasized that penalties should not be imposed when there is a reasonable cause for the delay, as per Section 273B of the Act. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192297