https://www.taxtmi.com/caselaws?id=764461 The court dismissed the appeal, upholding the penalty under Section 234E of the Income Tax Act, 1961, for late filing of TDS Form 26QB. It found that the assessee failed to deposit TDS and file the form within the statutory period, despite claiming the land was agricultural and exempt under Section 194IA. The court determined that the evidence provided was insufficient to prove the land's agricultural status. It emphasized that voluntary TDS deduction does not negate the obligation to comply with statutory deadlines, affirming the necessity of timely compliance for TDS procedures. en-us Tue, 07 Jan 2025 00:00:00 +0530 Fri, 10 Jan 2025 08:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764461 The court dismissed the appeal, upholding the penalty under Section 234E of the Income Tax Act, 1961, for late filing of TDS Form 26QB. It found that the assessee failed to deposit TDS and file the form within the statutory period, despite claiming the land was agricultural and exempt under Section 194IA. The court determined that the evidence provided was insufficient to prove the land's agricultural status. It emphasized that voluntary TDS deduction does not negate the obligation to comply with statutory deadlines, affirming the necessity of timely compliance for TDS procedures. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764461