https://www.taxtmi.com/caselaws?id=379554 The Tribunal allowed the appeal by the assessee, canceling the penalty imposed under section 272A(2)(k) for delayed filing of TDS returns. The Tribunal considered the financial difficulties faced by the assessee, including being declared an NPA, as a reasonable cause for the delay. Emphasizing the importance of genuine financial challenges as a valid reason for non-compliance, the Tribunal referenced legal provisions and precedents to support the decision to cancel the penalty. en-us Tue, 30 Apr 2019 00:00:00 +0530 Sat, 04 May 2019 06:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379554 The Tribunal allowed the appeal by the assessee, canceling the penalty imposed under section 272A(2)(k) for delayed filing of TDS returns. The Tribunal considered the financial difficulties faced by the assessee, including being declared an NPA, as a reasonable cause for the delay. Emphasizing the importance of genuine financial challenges as a valid reason for non-compliance, the Tribunal referenced legal provisions and precedents to support the decision to cancel the penalty. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379554