No section 272A(2)(k) Penalty for mere Technical Breach: ITAT Delhi  

Ambience Developers & Infrastructure Pvt Ltd Vs JCIT (ITAT Delhi)

Introduction: The recent case of Ambience Developers & Infrastructure Pvt Ltd vs. JCIT before the Income Tax Appellate Tribunal (ITAT) Delhi addresses a crucial aspect of penalty imposition under section 272A(2)(k) of the Income Tax Act. The dispute revolves around the delayed filing of TDS returns and the subsequent penalty imposed by the Assessing Officer (AO).

Detailed Analysis: I

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