Penalty Under Section 272A(2)(k) Can’t Be Imposed Merely For Delay in Filing Quarterly TDS Statement: ITAT Grants Relief To TSMSIDC
In a major relief to Telangana State Medical Services Infrastructure Development Corporation (TSMSIDC), the Income Tax Appellate Tribunal ( ITAT ) has ruled that the Penalty under Section 272A(2)(k) cannot be imposed merely for the delay in filing Quarterly TDS Statement. The assessee deductor AP Health & Medical Housing Infrastructure Development Corporation is a State […]