https://www.taxtmi.com/caselaws?id=399673 The Tribunal partially allowed the appeals against the confirmation of penalties under section 272A(2)(k) of the Income-tax Act, 1961. It held that penalties should be levied from the date of TDS payment to the filing of e-TDS statements, considering the financial difficulties faced by the assessee. The Tribunal emphasized aligning penalties with payment dates and referred to precedents from other benches to support its decision. The penalties were modified based on this reasoning, indicating a more lenient approach towards penalties for delayed filing of quarterly returns/statements. en-us Thu, 10 Sep 2020 00:00:00 +0530 Tue, 01 Jun 2021 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399673 The Tribunal partially allowed the appeals against the confirmation of penalties under section 272A(2)(k) of the Income-tax Act, 1961. It held that penalties should be levied from the date of TDS payment to the filing of e-TDS statements, considering the financial difficulties faced by the assessee. The Tribunal emphasized aligning penalties with payment dates and referred to precedents from other benches to support its decision. The penalties were modified based on this reasoning, indicating a more lenient approach towards penalties for delayed filing of quarterly returns/statements. Case-Laws Income Tax Thu, 10 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399673