https://www.taxtmi.com/caselaws?id=204031 The High Court ruled in favor of the appellant, a bank manager, in a case challenging the penalty imposed under Section 272A(2)(f) of the Income-tax Act, 1961. The appellant's failure to deduct income tax at source for individuals submitting Form 15H declarations late was deemed unintentional, resulting in no loss of revenue. The court found the penalty unjustified, emphasizing the lack of deliberate intent and technical nature of the default. The Tribunal's decision was overturned due to inconsistency and lack of judicial reasoning, leading to the appeal being allowed in favor of the appellant. en-us Tue, 23 Nov 2010 00:00:00 +0530 Thu, 30 Jun 2011 09:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204031 The High Court ruled in favor of the appellant, a bank manager, in a case challenging the penalty imposed under Section 272A(2)(f) of the Income-tax Act, 1961. The appellant's failure to deduct income tax at source for individuals submitting Form 15H declarations late was deemed unintentional, resulting in no loss of revenue. The court found the penalty unjustified, emphasizing the lack of deliberate intent and technical nature of the default. The Tribunal's decision was overturned due to inconsistency and lack of judicial reasoning, leading to the appeal being allowed in favor of the appellant. Case-Laws Income Tax Tue, 23 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204031