https://www.taxtmi.com/caselaws?id=10320 The High Court of Punjab and Haryana, in an appeal under section 260A of the Income-tax Act, 1961, overturned the Tribunal's decision to levy a penalty under section 272A(2)(g) for delay in issuing tax deduction certificates. The court found the delay to be technical, without revenue loss or contractor grievances, and emphasized penalties should not be imposed for minor breaches without deliberate defiance of the law. Consequently, the court set aside the Tribunal's decision and upheld the Commissioner of Income-tax (Appeals) decision to cancel the penalty, ruling it was not justified in this case. en-us Thu, 12 Aug 2004 00:00:00 +0530 Tue, 14 Jun 2011 04:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10320 The High Court of Punjab and Haryana, in an appeal under section 260A of the Income-tax Act, 1961, overturned the Tribunal's decision to levy a penalty under section 272A(2)(g) for delay in issuing tax deduction certificates. The court found the delay to be technical, without revenue loss or contractor grievances, and emphasized penalties should not be imposed for minor breaches without deliberate defiance of the law. Consequently, the court set aside the Tribunal's decision and upheld the Commissioner of Income-tax (Appeals) decision to cancel the penalty, ruling it was not justified in this case. Case-Laws Income Tax Thu, 12 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10320