https://www.taxtmi.com/highlights?id=102386 Penalty for belated filing of TDS returns may not be sustained where penalty proceedings are initiated after an unexplained nine-year lapse. The Tribunal note states that, following a coordinate Bench decision on materially similar facts, the delayed penalty was treated as illegal and unsustainable. The penalty order was set aside and the taxpayer's appeal was allowed. en-us Wed, 05 Aug 2026 08:48:02 +0530 Wed, 05 Aug 2026 08:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102386 Penalty for belated filing of TDS returns may not be sustained where penalty proceedings are initiated after an unexplained nine-year lapse. The Tribunal note states that, following a coordinate Bench decision on materially similar facts, the delayed penalty was treated as illegal and unsustainable. The penalty order was set aside and the taxpayer's appeal was allowed. Highlights Income Tax Wed, 05 Aug 2026 08:48:02 +0530 https://www.taxtmi.com/highlights?id=102386