Penalty for Late TDS Filing Contested u/s 272A(2)(k); Late Tax Payment Deemed Reasonable Cause, No Penalty Imposed.

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....Penalty imposed u/s. 272A(2)(k) - late filing of TDS returns - reasons for delay - the filing of quarterly statements is consequential to payment of taxes. The delayed payment of taxes itself is the reasonable cause for late filing of quarterly statement and hence the assessee is not exigible to the levy of penalty. - AT....