https://www.taxtmi.com/caselaws?id=424359 Penalty under the Income-tax Act for delayed TDS remittance or delayed furnishing of TDS certificates is not attracted mechanically where the assessee gives a bona fide explanation showing unavoidable circumstances, liquidity constraints, business slowdown, or absence of the person handling tax compliance. The text states that the authorities failed to properly examine these factual explanations and the actual extent of default, with the result that penalties under Sections 271C and 272A(2)(g) were held unsustainable and deleted. The stated ratio is that penalty for TDS-related non-compliance requires a reasoned assessment of culpability and the real default, not a routine invocation of the provision. en-us Fri, 24 Jun 2022 00:00:00 +0530 Tue, 28 Jun 2022 07:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424359 Penalty under the Income-tax Act for delayed TDS remittance or delayed furnishing of TDS certificates is not attracted mechanically where the assessee gives a bona fide explanation showing unavoidable circumstances, liquidity constraints, business slowdown, or absence of the person handling tax compliance. The text states that the authorities failed to properly examine these factual explanations and the actual extent of default, with the result that penalties under Sections 271C and 272A(2)(g) were held unsustainable and deleted. The stated ratio is that penalty for TDS-related non-compliance requires a reasoned assessment of culpability and the real default, not a routine invocation of the provision. Case-Laws Income Tax Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424359