https://www.taxtmi.com/caselaws?id=193650 The ITAT upheld the CIT(A)'s decision to delete the penalty imposed on a foreign company for delayed TDS deposit. The foreign company's genuine reasons and efforts to comply with tax laws were considered, leading to the conclusion that the penalty was unwarranted. The ITAT found no mala fide intent and dismissed the Revenue's appeal on October 30, 2015. en-us Fri, 30 Oct 2015 00:00:00 +0530 Fri, 11 Aug 2017 10:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193650 The ITAT upheld the CIT(A)'s decision to delete the penalty imposed on a foreign company for delayed TDS deposit. The foreign company's genuine reasons and efforts to comply with tax laws were considered, leading to the conclusion that the penalty was unwarranted. The ITAT found no mala fide intent and dismissed the Revenue's appeal on October 30, 2015. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193650