https://www.taxtmi.com/article/detailed?id=1974 Non quoting or furnishing of invalid Permanent Account Numbers in TDS statements does not ipso facto attract penalty where the deductor has deducted and deposited tax timely, the incorrect PAN entries resulted from misquotation by deductees and were subsequently corrected; timely deposit of tax, verification from deductees, and filing of revised statements are operative factors that may establish reasonable cause and negate penal liability for PAN related defaults in TDS returns. en-us Thu, 20 Dec 2012 14:36:11 +0530 Thu, 20 Dec 2012 14:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1974 Non quoting or furnishing of invalid Permanent Account Numbers in TDS statements does not ipso facto attract penalty where the deductor has deducted and deposited tax timely, the incorrect PAN entries resulted from misquotation by deductees and were subsequently corrected; timely deposit of tax, verification from deductees, and filing of revised statements are operative factors that may establish reasonable cause and negate penal liability for PAN related defaults in TDS returns. Articles Income Tax Thu, 20 Dec 2012 14:36:11 +0530 https://www.taxtmi.com/article/detailed?id=1974