Penalty u/s 272A(2)(c) of Income Tax Act May Not Apply Due to Reasonable Cause for Filing Failure.

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....Penalty u/s 272A(2)(c) – when the assessee did not remit the tax deducted at source, then it would not be in a position to file the annual return prescribed in sec. 206 of the Act - there was reasonable cause for the assessee for the failure to furnish the annual returns for all the years - AT....