https://www.taxtmi.com/article/detailed?id=5252 Dispute concerns discretionary penalty for failure to quote payee PAN where the deductor deducted and timely deposited TDS, filed returns and issued certificates. The material explains that penalty is not automatic, must be exercised judicially, and should not be imposed for venial or technical breaches where there is no revenue loss or contumacious conduct. It applies the principle that reasonable cause exists when payees fail to provide PAN and the deductor otherwise complies, and recommends Know Your Payee procedures to prevent defaults. en-us Tue, 27 Aug 2013 05:57:17 +0530 Tue, 27 Aug 2013 05:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5252 Dispute concerns discretionary penalty for failure to quote payee PAN where the deductor deducted and timely deposited TDS, filed returns and issued certificates. The material explains that penalty is not automatic, must be exercised judicially, and should not be imposed for venial or technical breaches where there is no revenue loss or contumacious conduct. It applies the principle that reasonable cause exists when payees fail to provide PAN and the deductor otherwise complies, and recommends Know Your Payee procedures to prevent defaults. Articles Income Tax Tue, 27 Aug 2013 05:57:17 +0530 https://www.taxtmi.com/article/detailed?id=5252