https://www.taxtmi.com/caselaws?id=382177 The tribunal allowed the appeal, deleting the penalty of &8377; 81,178 imposed under section 272A(2)(k) of the Income Tax Act, 1961. The tribunal considered the reasonable cause shown by the assessee for the delay in filing TDS statements, emphasizing that the delay was unintentional and beyond the assessee's control. Citing precedents and judicial discretion on penalties, the tribunal concluded that no penalty should be levied due to the lack of intentional non-compliance and financial gain motive. en-us Wed, 12 Jun 2019 00:00:00 +0530 Tue, 06 Aug 2019 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382177 The tribunal allowed the appeal, deleting the penalty of &8377; 81,178 imposed under section 272A(2)(k) of the Income Tax Act, 1961. The tribunal considered the reasonable cause shown by the assessee for the delay in filing TDS statements, emphasizing that the delay was unintentional and beyond the assessee's control. Citing precedents and judicial discretion on penalties, the tribunal concluded that no penalty should be levied due to the lack of intentional non-compliance and financial gain motive. Case-Laws Income Tax Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382177