https://www.taxtmi.com/caselaws?id=403722 The Tribunal held that the levy of penalty under Section 272A(2)(k) of the Income Tax Act, 1961 was not justified as the delay in filing TDS returns was deemed reasonable due to the returns being filed within the prescribed time after the tax was credited to the Central Government. The penalty was set aside, and the appeal of the assessee was allowed, emphasizing that penalties cannot be imposed for the same default and that the correct period of default should be considered from the date of remittance of TDS to the Central Government. en-us Wed, 20 Jan 2021 00:00:00 +0530 Fri, 05 Feb 2021 22:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403722 The Tribunal held that the levy of penalty under Section 272A(2)(k) of the Income Tax Act, 1961 was not justified as the delay in filing TDS returns was deemed reasonable due to the returns being filed within the prescribed time after the tax was credited to the Central Government. The penalty was set aside, and the appeal of the assessee was allowed, emphasizing that penalties cannot be imposed for the same default and that the correct period of default should be considered from the date of remittance of TDS to the Central Government. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403722