Initiation of penalty u/s 272A(2)(k) starts from date of issuance of notice

Initiation of penalty u/s 272A(2)(k) starts from date of issuance of notice by competent authority Issue before tribunal: Whether penalty u/s 272 A(2) (k) for filing of e-TDS return in Form no. 24Q, 26Q & 27EQ was righty sustained by the CIT (A). Whether penalty was barred by limitation and ITO (TDS) rightly initiated penalty u/s 272 A (2) (k). Whether CIT (A) was right in confirming that there was no reasonable cause of delay in filing. Brief facts: Due to survey/verification exercise carried out by the ITO(TDS), serious default on TDS payment were unearthed. It was noted further that ...