https://www.taxtmi.com/caselaws?id=373174 The Tribunal upheld the imposition of penalties under Section 272A(2)(K) against the assessee for delay in remitting TDS and filing returns, rejecting financial difficulty as a reasonable cause. The Tribunal emphasized the non-negotiable obligation to comply with TDS requirements and distinguished the case from those involving ignorance of law or technical issues. The penalties imposed were deemed lawful, and the appeals were dismissed, underscoring the importance of timely TDS compliance. en-us Fri, 05 Oct 2018 00:00:00 +0530 Tue, 08 Jan 2019 07:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373174 The Tribunal upheld the imposition of penalties under Section 272A(2)(K) against the assessee for delay in remitting TDS and filing returns, rejecting financial difficulty as a reasonable cause. The Tribunal emphasized the non-negotiable obligation to comply with TDS requirements and distinguished the case from those involving ignorance of law or technical issues. The penalties imposed were deemed lawful, and the appeals were dismissed, underscoring the importance of timely TDS compliance. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373174