https://www.taxtmi.com/caselaws?id=434337 The Tribunal upheld penalties under section 221 of the Income Tax Act for delayed TDS deposits by two companies, with penalties of Rs. 70,000 and Rs. 2,70,000. The assessees failed to provide valid reasons for the delays, leading to dismissal of their appeals. The Commissioner's decision was affirmed, and penalties were upheld. en-us Mon, 20 Feb 2023 00:00:00 +0530 Wed, 22 Feb 2023 08:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434337 The Tribunal upheld penalties under section 221 of the Income Tax Act for delayed TDS deposits by two companies, with penalties of Rs. 70,000 and Rs. 2,70,000. The assessees failed to provide valid reasons for the delays, leading to dismissal of their appeals. The Commissioner's decision was affirmed, and penalties were upheld. Case-Laws Income Tax Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434337