https://www.taxtmi.com/caselaws?id=116929 The Tribunal canceled the penalty imposed under section 272(2)(c) for the financial year 1988-89, emphasizing the technical nature of the default, timely tax deduction and deposit, and absence of evidence of filing the TDS return. The Tribunal held that the penalty was not justified in this minor and technical default, highlighting the importance of discretion in imposing penalties for statutory obligations. The appeal of the assessee was allowed, and the penalty was canceled based on the Tribunal's assessment of the facts and relevant legal principles. en-us Tue, 29 Jul 2003 00:00:00 +0530 Tue, 19 Jun 2012 10:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116929 The Tribunal canceled the penalty imposed under section 272(2)(c) for the financial year 1988-89, emphasizing the technical nature of the default, timely tax deduction and deposit, and absence of evidence of filing the TDS return. The Tribunal held that the penalty was not justified in this minor and technical default, highlighting the importance of discretion in imposing penalties for statutory obligations. The appeal of the assessee was allowed, and the penalty was canceled based on the Tribunal's assessment of the facts and relevant legal principles. Case-Laws Income Tax Tue, 29 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116929