https://www.taxtmi.com/caselaws?id=251733 The High Court upheld the deletion of penalty orders under Section 272A(2)(g) of the Income Tax Act for assessment years 1993-94 and 1994-95. The Tribunal and Commissioner (Appeals) found reasonable cause for the delay in issuing TDS certificates, overturning the penalties imposed by the Assessing Officer. The changes in rule 31 of the Income Tax Rules complicated compliance, leading to confusion for the assessee. The Tribunal determined that the assessee had established a reasonable cause for the delay, absolving them from penalties under Section 272A(2)(g) based on Section 273B of the Act. The High Court dismissed appeals, upholding the deletion of penalties due to the established reasonable cause. en-us Mon, 08 Sep 2014 00:00:00 +0530 Fri, 26 Sep 2014 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251733 The High Court upheld the deletion of penalty orders under Section 272A(2)(g) of the Income Tax Act for assessment years 1993-94 and 1994-95. The Tribunal and Commissioner (Appeals) found reasonable cause for the delay in issuing TDS certificates, overturning the penalties imposed by the Assessing Officer. The changes in rule 31 of the Income Tax Rules complicated compliance, leading to confusion for the assessee. The Tribunal determined that the assessee had established a reasonable cause for the delay, absolving them from penalties under Section 272A(2)(g) based on Section 273B of the Act. The High Court dismissed appeals, upholding the deletion of penalties due to the established reasonable cause. Case-Laws Income Tax Mon, 08 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251733