https://www.taxtmi.com/caselaws?id=278072 The Appellate Tribunal ITAT Kolkata ruled in favor of the assessee, canceling the penalty imposed under section 272A(2)(k) of the Income-tax Act, 1961. The decision was based on the financial difficulties faced by the assessee, leading to delayed remittance of TDS and filing of returns, and legal precedents indicating that penalties for technical delays without revenue loss are unwarranted. en-us Fri, 10 Mar 2017 00:00:00 +0530 Tue, 08 Jan 2019 06:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278072 The Appellate Tribunal ITAT Kolkata ruled in favor of the assessee, canceling the penalty imposed under section 272A(2)(k) of the Income-tax Act, 1961. The decision was based on the financial difficulties faced by the assessee, leading to delayed remittance of TDS and filing of returns, and legal precedents indicating that penalties for technical delays without revenue loss are unwarranted. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278072