https://www.taxtmi.com/caselaws?id=60689 The Appellate Tribunal ITAT CALCUTTA-E allowed the appeal, directing the deletion of the penalty of Rs. 50,400 imposed under section 272A(2)(c) of the Income-tax Act, 1961. The Tribunal found a reasonable cause for the delay in filing the TDS return, stating that the penalty was not applicable in the scenario where no tax was deducted at source during the financial year. The Tribunal emphasized that penalties should be justified by law and circumstances, ultimately concluding that the penalty imposed was unjustified and inherently bad in law. en-us Wed, 08 May 2002 00:00:00 +0530 Fri, 07 Jan 2011 16:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60689 The Appellate Tribunal ITAT CALCUTTA-E allowed the appeal, directing the deletion of the penalty of Rs. 50,400 imposed under section 272A(2)(c) of the Income-tax Act, 1961. The Tribunal found a reasonable cause for the delay in filing the TDS return, stating that the penalty was not applicable in the scenario where no tax was deducted at source during the financial year. The Tribunal emphasized that penalties should be justified by law and circumstances, ultimately concluding that the penalty imposed was unjustified and inherently bad in law. Case-Laws Income Tax Wed, 08 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60689