Penalty for Delayed TDS Filing u/s 272A(2)(k) Not Mandatory if Reasonable Cause Shown u/s 273B.

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....Penalty imposed under section 272A(2)(k) - delay in filing TDS statements - imposition of penalty under section 272A(2)(k) is not mandatory as the provisions of section 273B is also applicable in case of imposition of penalty under section 272A(2)(k), but, at the same time, the assessee has to show reasonable cause for the default. - AT....