2015 (7) TMI 1301

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....he Respondent : Shri S.K. Mittal ORDER PER BHAVNESH SAINI , J.M. : This appeal filed by the assessee is directed against the order of learned Commissioner of Income Tax (Appeals), Chandigarh dated 29.10.2014 for financial year 2011-12 (assessment year 2012-13), challenging the levy of penalty under sect ion 272A(2) (k) of the Income Tax Act , 1961 ( in short ' the Act ' ) . 2. The brie....

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....tives of both the parties and perused the material available on record. It is not in dispute that the TDS returns were not filed within time prescribed by law. Section 273B of the Act provides except ion to the rule if the assessee is able to prove to the satisfaction of the authorities below that there was a reasonable cause for failure to comply with the provisions of law. However, the assessee ....