https://www.taxtmi.com/caselaws?id=63478 Penalty for delayed issue of TDS certificates was held unjustified where tax had been duly deducted and deposited in time, no loss was caused to the deductees, and the certificates were eventually issued in consolidated form under a bona fide impression. The obligation to furnish TDS certificates under the statutory TDS framework was treated as procedural, so a technical lapse in the mode or timing of issuance did not amount to a serious or contumacious default. On that basis, penalty under section 272A(2)(g) was cancelled and relief was granted to the assessee. en-us Tue, 19 Aug 1997 00:00:00 +0530 Mon, 31 Jan 2011 11:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63478 Penalty for delayed issue of TDS certificates was held unjustified where tax had been duly deducted and deposited in time, no loss was caused to the deductees, and the certificates were eventually issued in consolidated form under a bona fide impression. The obligation to furnish TDS certificates under the statutory TDS framework was treated as procedural, so a technical lapse in the mode or timing of issuance did not amount to a serious or contumacious default. On that basis, penalty under section 272A(2)(g) was cancelled and relief was granted to the assessee. Case-Laws Income Tax Tue, 19 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63478