9911796707
TMI Blog2016 (7) TMI 1248X X X X Extracts X X X X X X X X Extracts X X X X ..... Appeal by the Assessee arising out of the Order by the Commissioner of Income Tax (Appeals)-14, Mumbai ('CIT(A)' for short) dated 03.9.2014 in Appeal No.CIT(A)-14/TDS-1/IT-29/2012-13, for the assessment year (A.Y.) 2010-11. The penalty under dispute was levied by the Addl. CIT(TDS), Mumbai vide order dated 28.12.2011 u/s. 272A(2)(k) of the Income Tax Act, 1961 ('the Act' hereinafter). None appeare ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 01 33500 33500 26Q-3rd 243 353454 24300 24300 26Q-4th 92 402704 9200 9200 Amount levied 1,09,700 4. According to the assessee, the delay occurred due to the compliance guidelines as framed by NSDL - mandatory quoting of 85% deductees Correct Pan numbers, etc., which were newly introduced at that time. He further submits that the delay in filing the return can be considered as a tech ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he reasons explained by the assessee constitute a reasonable cause and consequently find that the orders of the authorities below cannot be sustained under law, and are liable to be set aside. We, therefore, record a finding accordingly and allow the appeal of the assessee.
6. In the result, the assessee's appeal is allowed.
Order pronounced in the open court on July 5th, 2016 X X X X Extracts X X X X X X X X Extracts X X X X
|
