https://www.taxtmi.com/caselaws?id=391438 The Tribunal upheld the penalty imposed under section 272A(2)(k) of the Income Tax Act for non-filing of TDS returns within the stipulated time. The assessee, a public sector undertaking, failed to provide a reasonable cause for the delay in filing the TDS returns, specifically for salary payments where PAN details were required. Despite arguments and citing a judgment, the Tribunal found no valid reason for the delay and confirmed the penalty, emphasizing the mandatory nature of the penalty provision in the absence of a reasonable cause. Consequently, the appeals for all assessment years were dismissed. en-us Wed, 08 Jan 2020 00:00:00 +0530 Tue, 28 Jan 2020 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391438 The Tribunal upheld the penalty imposed under section 272A(2)(k) of the Income Tax Act for non-filing of TDS returns within the stipulated time. The assessee, a public sector undertaking, failed to provide a reasonable cause for the delay in filing the TDS returns, specifically for salary payments where PAN details were required. Despite arguments and citing a judgment, the Tribunal found no valid reason for the delay and confirmed the penalty, emphasizing the mandatory nature of the penalty provision in the absence of a reasonable cause. Consequently, the appeals for all assessment years were dismissed. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391438