https://www.taxtmi.com/caselaws?id=68309 The Tribunal partially allowed the appeal, reducing the penalty imposed on the assessee for delayed filing of the Annual Return. Emphasizing that the tax was deducted at source, the Tribunal held that the penalty should be restricted to the amount of tax deductible, in accordance with the amended provisions under section 272A(2). The Tribunal rejected the argument that Rule 37 superseded the main provisions of the law, stating that Rules are supplementary. The invocation of section 293B was deemed inappropriate as condonation for delay was not sought by the assessee. en-us Mon, 11 Oct 1999 00:00:00 +0530 Sat, 03 Sep 2011 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68309 The Tribunal partially allowed the appeal, reducing the penalty imposed on the assessee for delayed filing of the Annual Return. Emphasizing that the tax was deducted at source, the Tribunal held that the penalty should be restricted to the amount of tax deductible, in accordance with the amended provisions under section 272A(2). The Tribunal rejected the argument that Rule 37 superseded the main provisions of the law, stating that Rules are supplementary. The invocation of section 293B was deemed inappropriate as condonation for delay was not sought by the assessee. Case-Laws Income Tax Mon, 11 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68309