No penalty for delay in Late Filing of TDS return supported by reasonable cause

IN THE ITAT AGRA BENCH The Manager, Union Bank of India Versus Additional Commissioner of Income-tax IT Appeal No. 122 (AgrA) of 2012 [Assessment year 2006-07] SEPTEMBER 14, 2012 ORDER A.L. Gehlot, Accountant Member This is an appeal filed by the assessee against the order dated 14.10.2011 passed by the ld. CIT(A)-I, Agra for the A.Y. 2006-07 on the following grounds:- “1. BECAUSE, on a due consideration of facts of the case and submissions made before him, learned ‘CIT (Appeals)’ erred in holding that penal proceedings were valid overruling the objection tha...