https://www.taxtmi.com/caselaws?id=220940 The Court dismissed the Revenue's appeal challenging the deletion of penalty under section 272B of the Income-tax Act for non-quoting/wrong quoting of PANs in TDS returns. The Tribunal upheld the deletion of the penalty, emphasizing the correct TDS deduction and revised PAN filing by the assessee as justifications. The Court found that the errors in quoting PANs were attributed to the deductees' mistakes and that the timely tax deduction and subsequent rectification of PAN details constituted sufficient compliance with the provisions. The Court affirmed the decisions of the lower authorities, highlighting the importance of compliance and reasonable cause in penalty impositions. en-us Tue, 07 Aug 2012 00:00:00 +0530 Fri, 15 Feb 2013 06:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220940 The Court dismissed the Revenue's appeal challenging the deletion of penalty under section 272B of the Income-tax Act for non-quoting/wrong quoting of PANs in TDS returns. The Tribunal upheld the deletion of the penalty, emphasizing the correct TDS deduction and revised PAN filing by the assessee as justifications. The Court found that the errors in quoting PANs were attributed to the deductees' mistakes and that the timely tax deduction and subsequent rectification of PAN details constituted sufficient compliance with the provisions. The Court affirmed the decisions of the lower authorities, highlighting the importance of compliance and reasonable cause in penalty impositions. Case-Laws Income Tax Tue, 07 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220940