https://www.taxtmi.com/caselaws?id=401314 The Tribunal found the penalty imposed under Section 272A(2)(k) for non-filing of TDS statements in Form 26Q to be invalid as the assessee had no obligation to file the form. The AO's initiation of penalty proceedings was deemed incorrect and unsustainable, leading to the quashing of the penalty orders. The Tribunal criticized the CIT(A) for dismissing appeals without considering the correct facts and evidence, ultimately allowing the assessee's appeals and emphasizing the necessity of accurate facts in penalty proceedings. en-us Wed, 02 Dec 2020 00:00:00 +0530 Fri, 04 Dec 2020 08:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401314 The Tribunal found the penalty imposed under Section 272A(2)(k) for non-filing of TDS statements in Form 26Q to be invalid as the assessee had no obligation to file the form. The AO's initiation of penalty proceedings was deemed incorrect and unsustainable, leading to the quashing of the penalty orders. The Tribunal criticized the CIT(A) for dismissing appeals without considering the correct facts and evidence, ultimately allowing the assessee's appeals and emphasizing the necessity of accurate facts in penalty proceedings. Case-Laws Income Tax Wed, 02 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401314