https://www.taxtmi.com/caselaws?id=212997 The Tribunal canceled the penalty imposed under Section 272A(2)(k) of the Income Tax Act, 1961, due to the technical and venial nature of the breach. The delay in filing e-TDS quarterly returns was attributed to the non-availability of PAN numbers from agriculturist landowners. The Tribunal found that the delay did not result in financial loss to the Revenue Department, and the PR had valid reasons for the delay, in line with the Supreme Court's ruling in Hindustan Steels Ltd v. State of Orissa. Consequently, the penalty was deemed unjustified, and the appeals were allowed. en-us Fri, 09 Mar 2012 00:00:00 +0530 Fri, 04 May 2012 08:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212997 The Tribunal canceled the penalty imposed under Section 272A(2)(k) of the Income Tax Act, 1961, due to the technical and venial nature of the breach. The delay in filing e-TDS quarterly returns was attributed to the non-availability of PAN numbers from agriculturist landowners. The Tribunal found that the delay did not result in financial loss to the Revenue Department, and the PR had valid reasons for the delay, in line with the Supreme Court's ruling in Hindustan Steels Ltd v. State of Orissa. Consequently, the penalty was deemed unjustified, and the appeals were allowed. Case-Laws Income Tax Fri, 09 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212997