https://www.taxtmi.com/caselaws?id=346226 The High Court upheld the decisions of the CIT(A) and ITAT to delete the penalty imposed on the respondent-assessee under Section 221 of the Income Tax Act, 1961. The Court found that the respondent had reasonable cause for the delay in depositing the tax deducted at source, citing complexities in tax laws and compliance with interest payment. The Court dismissed the appellant-revenue's appeal, affirming that no substantial question of law arose, and the penalty deletion was justified. en-us Wed, 10 May 2017 00:00:00 +0530 Mon, 13 Nov 2017 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346226 The High Court upheld the decisions of the CIT(A) and ITAT to delete the penalty imposed on the respondent-assessee under Section 221 of the Income Tax Act, 1961. The Court found that the respondent had reasonable cause for the delay in depositing the tax deducted at source, citing complexities in tax laws and compliance with interest payment. The Court dismissed the appellant-revenue's appeal, affirming that no substantial question of law arose, and the penalty deletion was justified. Case-Laws Income Tax Wed, 10 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346226