https://www.taxtmi.com/caselaws?id=448455 The ITAT Delhi ruled in favor of the assessee, finding that the penalties imposed under section 272A(2)(k) of the Income-tax Act, 1961, for delayed filing of TDS returns were unwarranted. The Tribunal accepted the assessee's explanation of delays due to fund shortages and missing PANs, determining these as minor technical breaches with no loss to the government. The Tribunal allowed the appeals for all years in question, overturning the decisions of the AO and CIT(A). The order was pronounced on 16/01/2024. en-us Tue, 16 Jan 2024 00:00:00 +0530 Thu, 18 Jan 2024 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448455 The ITAT Delhi ruled in favor of the assessee, finding that the penalties imposed under section 272A(2)(k) of the Income-tax Act, 1961, for delayed filing of TDS returns were unwarranted. The Tribunal accepted the assessee's explanation of delays due to fund shortages and missing PANs, determining these as minor technical breaches with no loss to the government. The Tribunal allowed the appeals for all years in question, overturning the decisions of the AO and CIT(A). The order was pronounced on 16/01/2024. Case-Laws Income Tax Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448455