https://www.taxtmi.com/caselaws?id=59434 The Tribunal held that the penalty under section 272A(2)(c) was not applicable for delays in filing quarterly returns under rule 37A as they are not prescribed under section 206. Financial constraints were deemed a reasonable cause for the delay, leading to the deletion of the penalty. The appeals of the assessee were allowed. en-us Fri, 08 Sep 2006 00:00:00 +0530 Sat, 14 Jul 2012 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59434 The Tribunal held that the penalty under section 272A(2)(c) was not applicable for delays in filing quarterly returns under rule 37A as they are not prescribed under section 206. Financial constraints were deemed a reasonable cause for the delay, leading to the deletion of the penalty. The appeals of the assessee were allowed. Case-Laws Income Tax Fri, 08 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59434