https://www.taxtmi.com/caselaws?id=343420 The Tribunal allowed the appeal, setting aside the penalty imposed under section 272A(2)(k) of the Income Tax Act for late filing of TDS returns. The Tribunal accepted the assessee's explanation for the delay, considering the timely payment of TDS amounts and efforts to rectify the situation after the departure of the accountant. Relying on legal precedents emphasizing genuine causes for delays, the Tribunal directed the assessing officer to delete the entire penalty, concluding that the assessee provided a sufficient explanation for the delay. en-us Fri, 05 May 2017 00:00:00 +0530 Wed, 24 May 2017 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343420 The Tribunal allowed the appeal, setting aside the penalty imposed under section 272A(2)(k) of the Income Tax Act for late filing of TDS returns. The Tribunal accepted the assessee's explanation for the delay, considering the timely payment of TDS amounts and efforts to rectify the situation after the departure of the accountant. Relying on legal precedents emphasizing genuine causes for delays, the Tribunal directed the assessing officer to delete the entire penalty, concluding that the assessee provided a sufficient explanation for the delay. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343420