https://www.taxtmi.com/caselaws?id=10582 The High Court of PUNJAB AND HARYANA dismissed an appeal against the cancellation of a penalty under section 272A(2)(f) of the Income-tax Act, 1961. The Court held that since there was no requirement to deduct tax at source and no revenue loss occurred, the default in not filing Form No. 15H was technical in nature, and hence, no penalty was leviable. Emphasizing the importance of considering the nature of the default and intent behind the actions, the Court highlighted that penalties should not be imposed merely because it is lawful to do so. en-us Mon, 30 Aug 2004 00:00:00 +0530 Sat, 18 Jul 2009 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10582 The High Court of PUNJAB AND HARYANA dismissed an appeal against the cancellation of a penalty under section 272A(2)(f) of the Income-tax Act, 1961. The Court held that since there was no requirement to deduct tax at source and no revenue loss occurred, the default in not filing Form No. 15H was technical in nature, and hence, no penalty was leviable. Emphasizing the importance of considering the nature of the default and intent behind the actions, the Court highlighted that penalties should not be imposed merely because it is lawful to do so. Case-Laws Income Tax Mon, 30 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10582