https://www.taxtmi.com/caselaws?id=410640 The Tribunal found the penalty imposed under section 272A(2)(k) of the Income Tax Act, 1961 unjustified in the case of delayed filing of TDS returns by the assessee for A.Y. 2008-09. Despite the technical breach, as all deducted taxes were timely remitted, causing no loss to the government, the penalty was deemed unwarranted. Emphasizing the importance of ensuring deductees receive credit for TDS, the Tribunal directed the assessing officer to delete the penalty, allowing the appeal of the assessee. en-us Mon, 02 Aug 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410640 The Tribunal found the penalty imposed under section 272A(2)(k) of the Income Tax Act, 1961 unjustified in the case of delayed filing of TDS returns by the assessee for A.Y. 2008-09. Despite the technical breach, as all deducted taxes were timely remitted, causing no loss to the government, the penalty was deemed unwarranted. Emphasizing the importance of ensuring deductees receive credit for TDS, the Tribunal directed the assessing officer to delete the penalty, allowing the appeal of the assessee. Case-Laws Income Tax Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410640