https://www.taxtmi.com/caselaws?id=192330 The Tribunal, following the principles from Hindustan Steel Ltd. v. State of Orissa, found that the technical breach by the nationalized bank did not result in revenue loss and ruled in favor of the assessee. The penalty of Rs. 1,05,244 imposed for delays in filing e-TDS returns was deleted, overturning the decisions of the AO and CIT(A). The Tribunal considered the reasons provided by the assessee, such as lack of awareness of the new section and difficulties in obtaining PAN details, as reasonable cause for the delay, leading to the appeal being allowed. en-us Thu, 10 Oct 2013 00:00:00 +0530 Thu, 08 Jun 2017 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192330 The Tribunal, following the principles from Hindustan Steel Ltd. v. State of Orissa, found that the technical breach by the nationalized bank did not result in revenue loss and ruled in favor of the assessee. The penalty of Rs. 1,05,244 imposed for delays in filing e-TDS returns was deleted, overturning the decisions of the AO and CIT(A). The Tribunal considered the reasons provided by the assessee, such as lack of awareness of the new section and difficulties in obtaining PAN details, as reasonable cause for the delay, leading to the appeal being allowed. Case-Laws Income Tax Thu, 10 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192330