https://www.taxtmi.com/caselaws?id=63802 The ITAT Delhi-B canceled the penalty imposed under s. 272A(2)(g) for the financial year 1995-96, ruling that the procedural deficiency of undated certificates did not warrant the penalty. The tribunal found the assessee's conduct bona fide, with timely deduction and deposit of TDS, prompt filing of returns, and acknowledgment of tax credits by payees. The appeal of the assessee was allowed, and the Revenue's appeal was dismissed, rendering the retrospective aspect of the penalty amendment academic. en-us Wed, 16 Jun 2004 00:00:00 +0530 Thu, 28 Jun 2012 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63802 The ITAT Delhi-B canceled the penalty imposed under s. 272A(2)(g) for the financial year 1995-96, ruling that the procedural deficiency of undated certificates did not warrant the penalty. The tribunal found the assessee's conduct bona fide, with timely deduction and deposit of TDS, prompt filing of returns, and acknowledgment of tax credits by payees. The appeal of the assessee was allowed, and the Revenue's appeal was dismissed, rendering the retrospective aspect of the penalty amendment academic. Case-Laws Income Tax Wed, 16 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63802