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2019 (6) TMI 730 - AT - Income TaxPenalty u/s 272A(2)(k) - furnishing of quarterly statement of the TDS in the prescribed form beyond time prescribed u/s 206 - reasonable cause U/s 273B - bonafide belief - HELD THAT:- As found from the record that the assessee has deposited due taxes collected and also interest thereon till date of payment. Immediately, after payment of TDS, the assessee has also filed TDS returns. As the assessee was not having PAN number of the deductee, therefore, he has entertained a bonafide belief that the TDS return cannot be filed without PAN number. Accordingly, we found that there was a reasonable cause u/s 273B . See CIT VERSUS SUPERINTENDING ENGINEER, PWD., UDAIPUR. [2002 (5) TMI 13 - RAJASTHAN HIGH COURT], BRANCH MANAGER, PUNJAB NATIONAL BANK VERSUS ACIT [2011 (5) TMI 831 - ITAT LUCKNOW] and THE ORIENTAL INSURANCE COMPANY LTD. [2011 (9) TMI 1184 - ITAT AHMEDABAD ] - Decided in favour of assessee.
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