https://www.taxtmi.com/caselaws?id=420357 The Tribunal allowed the appeal, setting aside the penalty imposed under section 272A(2)(k) of the Income-tax Act, 1961 for the assessment year 2008-09, based on the delayed filing of TDS statements. The Tribunal found the assessee's explanation for the delay reasonable under section 273B of the Act and emphasized that the delay in filing TDS statements alone should not warrant a penalty. The Tribunal concluded that the delay should have been condoned and criticized the lower authority for dismissing the appeal without proper consideration. en-us Thu, 17 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 08:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420357 The Tribunal allowed the appeal, setting aside the penalty imposed under section 272A(2)(k) of the Income-tax Act, 1961 for the assessment year 2008-09, based on the delayed filing of TDS statements. The Tribunal found the assessee's explanation for the delay reasonable under section 273B of the Act and emphasized that the delay in filing TDS statements alone should not warrant a penalty. The Tribunal concluded that the delay should have been condoned and criticized the lower authority for dismissing the appeal without proper consideration. Case-Laws Income Tax Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420357