https://www.taxtmi.com/highlights?id=46287 Levy of penalty u/s 272A(2)(k) - substantial delay in filing quarterly TDS return - the development project was dropped because of financial crisis and liquidity crunch, loan became NPA - reduced its number of offices and had retrenched certain employees - reasonable cause on the part of the assessee for delay - penalty deleted en-us Sat, 04 May 2019 06:16:08 +0530 Sat, 04 May 2019 06:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46287 Levy of penalty u/s 272A(2)(k) - substantial delay in filing quarterly TDS return - the development project was dropped because of financial crisis and liquidity crunch, loan became NPA - reduced its number of offices and had retrenched certain employees - reasonable cause on the part of the assessee for delay - penalty deleted Highlights Income Tax Sat, 04 May 2019 06:16:08 +0530 https://www.taxtmi.com/highlights?id=46287