https://www.taxtmi.com/highlights?id=57265 Penalty u/s 272A (2) (k) - assessee has failed to submit the quarterly TDS statements in Form No. 26Q - The reasonable cause of ignorance of technical knowledge lack of infrastructure and the first time default on the part of the assessee was accepted by the Tribunal as a reasonable cause. The provisions of section 273B provides that no penalty shall be imposable on a person or the assessee inter alia u/s 272A (2) for any failure if he explain that there was a reasonable cause for such failure. - AT en-us Mon, 22 Mar 2021 13:14:22 +0530 Mon, 22 Mar 2021 13:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57265 Penalty u/s 272A (2) (k) - assessee has failed to submit the quarterly TDS statements in Form No. 26Q - The reasonable cause of ignorance of technical knowledge lack of infrastructure and the first time default on the part of the assessee was accepted by the Tribunal as a reasonable cause. The provisions of section 273B provides that no penalty shall be imposable on a person or the assessee inter alia u/s 272A (2) for any failure if he explain that there was a reasonable cause for such failure. - AT Highlights Income Tax Mon, 22 Mar 2021 13:14:22 +0530 https://www.taxtmi.com/highlights?id=57265