https://www.taxtmi.com/caselaws?id=271277 The Tribunal upheld the deletion of penalties under section 272B of the Income Tax Act for the assessment year 2010-11. The assessee promptly rectified PAN errors upon notification, demonstrating compliance with statutory obligations. The Tribunal found no deliberate defiance of the law or contumacious conduct, supporting the decision to delete the penalties. The department's appeals were dismissed, emphasizing the assessee's corrective actions and alignment with relevant case laws and statutory provisions. en-us Wed, 04 Nov 2015 00:00:00 +0530 Mon, 01 Feb 2016 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271277 The Tribunal upheld the deletion of penalties under section 272B of the Income Tax Act for the assessment year 2010-11. The assessee promptly rectified PAN errors upon notification, demonstrating compliance with statutory obligations. The Tribunal found no deliberate defiance of the law or contumacious conduct, supporting the decision to delete the penalties. The department's appeals were dismissed, emphasizing the assessee's corrective actions and alignment with relevant case laws and statutory provisions. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271277