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2010 (1) TMI 938 - ITAT, MUMBAIPenalty under section 272A(2)(c) - delay in filing the returns - Held that:- As there was no default on the part of the company in the earlier years and the default in this year was only on account of change of provisions of the Act and even for the immediately preceding year there was a delay in filing quarterly returns (filed along with this year's quarterly returns), was not disputed by the tax authorities – Thus as delay is supported by reasonable cause thus no penalty is leviable under section 272 A(2)(c)for failure to file quarterly returns of TDS. appeal filed by the assessee is allowed.
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