https://www.taxtmi.com/caselaws?id=458748 ITAT Delhi set aside penalty u/s 271C imposed for delay in filing quarterly e-TDS returns. The assessee company had changed its name and address, updating TAN particulars with Revenue department. However, penalty notice was issued to the old company name which no longer existed, and assessee was never informed of penalty proceedings. ITAT held that without valid notice being issued and served upon the assessee as required u/s 274(1), penalty order was illegal and void ab initio. Additionally, the show-cause notice was issued with inordinate delay beyond the six-month reasonable period prescribed u/s 275(1)(c), making penalty unsustainable. en-us Mon, 28 May 2018 00:00:00 +0530 Wed, 13 Nov 2024 18:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458748 ITAT Delhi set aside penalty u/s 271C imposed for delay in filing quarterly e-TDS returns. The assessee company had changed its name and address, updating TAN particulars with Revenue department. However, penalty notice was issued to the old company name which no longer existed, and assessee was never informed of penalty proceedings. ITAT held that without valid notice being issued and served upon the assessee as required u/s 274(1), penalty order was illegal and void ab initio. Additionally, the show-cause notice was issued with inordinate delay beyond the six-month reasonable period prescribed u/s 275(1)(c), making penalty unsustainable. Case-Laws Income Tax Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458748