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2020 (9) TMI 1092 - AT - Income TaxPenalty u/s 272A(2)(k) r.w.s. 200(3) - failure on part of assessee to file quarterly returns of TDS in Form 24Q and 26Q for the years under consideration within the stipulated time - HELD THAT:- Penalty u/s 272A(2)(k) r.w.s. 200(3) - failure on part of assessee to file quarterly returns of TDS in Form 24Q and 26Q for the years under consideration within the stipulated time - Non-Availability of accountant - New accountant took charge with assessee’s office on 15/08/2010. Therefore, reasoning that, assessee was unable to file returns, due to non availability of accountant cannot be accepted atleast for assessment year 2011-12. Delay due to illness of MD - Considering the illness of Managing Director, during relevant period, alternate submission of Ld.AR to restrict penalty to be computed from date of payment of TDS amount to the credit of Government could be accepted. AR was directed to file a chart by computing penalty from the date of making payment for both years. AO is directed to verify the same and restrict Penalty u/s.272(k)(2) to such amount as computed from date of deposit of TDS with Government. - Decided partly in favour of assessee.
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