https://www.taxtmi.com/caselaws?id=103277 The Tribunal ruled in favor of the assessee, canceling the penalty imposed under section 272A(2)(g) of the Income-tax Act for a delay in issuing TDS certificates. The Tribunal found that the delay was due to bona fide reasons, with TDS correctly deducted and deposited, and no revenue loss incurred. Citing relevant case law and amended laws limiting penalties to the TDS amount, the Tribunal concluded that penalties were not applicable in this case. As a result, the penalty was canceled, and the assessee's appeal was allowed. en-us Mon, 16 Sep 2002 00:00:00 +0530 Wed, 22 Feb 2012 11:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103277 The Tribunal ruled in favor of the assessee, canceling the penalty imposed under section 272A(2)(g) of the Income-tax Act for a delay in issuing TDS certificates. The Tribunal found that the delay was due to bona fide reasons, with TDS correctly deducted and deposited, and no revenue loss incurred. Citing relevant case law and amended laws limiting penalties to the TDS amount, the Tribunal concluded that penalties were not applicable in this case. As a result, the penalty was canceled, and the assessee's appeal was allowed. Case-Laws Income Tax Mon, 16 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103277