Assessee avoids penalty for TDS delay due to hardships; full payment made with interest before notice.

Assessee avoids penalty for TDS delay due to hardships; full payment made with interest before notice. https://www.taxtmi.com/highlights?id=64292 Penalty u/s 271C - assessee did not remit the TDS on the due date - Only because of these hardships there was delay in remitting the TDS. Therefore, there is reasonable cause as envisaged u/s 273B for the delayed remittance of TDS. Moreover, the assessee had paid the entire TDS amount along with interest on 30.04.2011, much prior to notice u/s 274 r.w.s. 271C of the I.T.Act was issued to the assessee-deductor - No penalty - AT en-us Mon, 27 Jun 2022 10:25:16 +0530 Mon, 27 Jun 2022 10:25:16 +0530 TaxTMI RSS Generator Assessee avoids penalty for TDS delay due to hardships; full payment made with interest before notice. https://www.taxtmi.com/highlights?id=64292 Penalty u/s 271C - assessee did not remit the TDS on the due date - Only because of these hardships there was delay in remitting the TDS. Therefore, there is reasonable cause as envisaged u/s 273B for the delayed remittance of TDS. Moreover, the assessee had paid the entire TDS amount along with interest on 30.04.2011, much prior to notice u/s 274 r.w.s. 271C of the I.T.Act was issued to the assessee-deductor - No penalty - AT Highlights Income Tax Mon, 27 Jun 2022 10:25:16 +0530 https://www.taxtmi.com/highlights?id=64292