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2018 (2) TMI 169 - AT - Income TaxPenalty levied u/s 272A(2)(k) r.w.s. 200(3) - delay in submission of e-TDS return - Held that:- The case of the assessee before us is that the delay in submission of e-TDS return was because of the problem of awareness of Return Preparation Utility, which was updated by NSDL in the first year i.e. assessment year 2011-12. Because of the requirement of e-TDS furnishing of TDS statement arising for the first time in assessment year 2011-12, there were problems faced by the assessee and hence, the delay in filing quarterly TDS return late. The assessee had reasonable cause in not furnishing the same in time and in view of the provisions of section 273B, we hold that the assessee is not liable to levy of penalty under section 272A(2)(k). Assessing Officer is directed to delete the same. - Decided in favour of assessee.
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