Tag Archives: Section 272A(2)(k)

No penalty for delay in filing TDS return as it was first year of e-TDS return

By | October 27, 2016

Held where there was case of reasonableness, there was no merit in levying the penalty under section 272A(2)(k) of the Act. Thus, in order to adjudicate the issue before us, we accept the case of reasonable cause as relevant to section 273B of the Act put up by the assessee in the respective cases in… Read More »

TDS Deposited in time but return not filed , Penalty has to be paid

By | June 26, 2016

Held Though it is sought to be contended by learned counsel for the appellant that non-filing of the e-TDS statements had not resulted in loss to the revenue but the requirement of filing e-TDS statements in time cannot be overlooked. The Department cannot accurately process the returns on whose behalf tax has been deducted until… Read More »