https://www.taxtmi.com/caselaws?id=407705 The Tribunal allowed the appeal, directing the deletion of the penalty imposed under Section 272A(2)(k) of the Income Tax Act, 1961. The Tribunal found that the delay in filing TDS/TCS returns was due to reasonable causes, such as software issues and lack of technical guidance, and did not result in any prejudice to the Revenue. Relying on relevant judicial precedents, the Tribunal concluded that penalties should be waived off in such circumstances where there is no loss to the Revenue. en-us Mon, 17 May 2021 00:00:00 +0530 Wed, 19 May 2021 08:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407705 The Tribunal allowed the appeal, directing the deletion of the penalty imposed under Section 272A(2)(k) of the Income Tax Act, 1961. The Tribunal found that the delay in filing TDS/TCS returns was due to reasonable causes, such as software issues and lack of technical guidance, and did not result in any prejudice to the Revenue. Relying on relevant judicial precedents, the Tribunal concluded that penalties should be waived off in such circumstances where there is no loss to the Revenue. Case-Laws Income Tax Mon, 17 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407705