https://www.taxtmi.com/caselaws?id=178280 The penalty of Rs. 10,000 imposed on a partnership firm under section 272B of the IT Act, 1961 for failure to quote PANs of deductees in the TDS return was challenged. Despite efforts made by the firm to obtain PANs from deductees, the penalty was initially upheld by the AO and CIT(A). However, considering the firm's reasonable cause for non-compliance and efforts to comply with the provisions, the penalty was deemed unjustified. Consequently, the penalty imposed by the AO was deleted, and the appellant's appeal was allowed. en-us Mon, 17 Oct 2011 00:00:00 +0530 Mon, 01 Feb 2016 15:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178280 The penalty of Rs. 10,000 imposed on a partnership firm under section 272B of the IT Act, 1961 for failure to quote PANs of deductees in the TDS return was challenged. Despite efforts made by the firm to obtain PANs from deductees, the penalty was initially upheld by the AO and CIT(A). However, considering the firm's reasonable cause for non-compliance and efforts to comply with the provisions, the penalty was deemed unjustified. Consequently, the penalty imposed by the AO was deleted, and the appellant's appeal was allowed. Case-Laws Income Tax Mon, 17 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178280