https://www.taxtmi.com/caselaws?id=364007 The ITAT allowed the appeals, overturning penalties imposed for delayed filing of TDS quarterly statements for assessment years 2008-09 and 2009-10. The ITAT found the severe financial crisis cited by the assessee as a reasonable cause for the delays, granting immunity from penalties under section 273B of the Income Tax Act, 1961. The penalties were set aside, and the ITAT directed the AO to delete the penalties for both assessment years. en-us Thu, 28 Jun 2018 00:00:00 +0530 Sat, 21 Jul 2018 09:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364007 The ITAT allowed the appeals, overturning penalties imposed for delayed filing of TDS quarterly statements for assessment years 2008-09 and 2009-10. The ITAT found the severe financial crisis cited by the assessee as a reasonable cause for the delays, granting immunity from penalties under section 273B of the Income Tax Act, 1961. The penalties were set aside, and the ITAT directed the AO to delete the penalties for both assessment years. Case-Laws Income Tax Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364007