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2015 (7) TMI 1301 - AT - Income TaxLevy of penalty u/s 272A(2)(k) - person responsible’ had failed to file quarterly TDS returns in Form No.24Q, 26Q and 27Q for the 4t h quarter by due date - reasonable cause for failure to comply with the provisions of law - Held that:- TDS returns were not filed within time prescribed by law. Section 273B of the Act provides exception 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. The assessee has not been able to prove if there was any reasonable cause for failure to comply with the provisions of law. The assessee merely explained that since the consultant was traveling out of country, the TDS returns could not be filed on time. However, it is not specified at what time the consultant was traveling out of country and why no other arrangement was made and whatever plea was taken was not supported by any evidence, would clearly reveal that the assessee has no reasonable cause for failure to comply with the provisions of law - Decided against assessee
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