https://www.taxtmi.com/caselaws?id=65251 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding penalties under s. 272A(2)(g) of the Act for delayed TDS certificates. It was held that the penalty should not exceed the total TDS amount involved in the delayed certificates, especially if there was a reasonable cause for the delay. The Tribunal found that the delay was not intentional, considering timely tax deductions and payments, as well as the absence of complaints from certificate recipients. As such, the sustained penalty was deemed unjustified and canceled. en-us Tue, 04 Feb 2003 00:00:00 +0530 Mon, 14 Feb 2011 14:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65251 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding penalties under s. 272A(2)(g) of the Act for delayed TDS certificates. It was held that the penalty should not exceed the total TDS amount involved in the delayed certificates, especially if there was a reasonable cause for the delay. The Tribunal found that the delay was not intentional, considering timely tax deductions and payments, as well as the absence of complaints from certificate recipients. As such, the sustained penalty was deemed unjustified and canceled. Case-Laws Income Tax Tue, 04 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65251