https://www.taxtmi.com/caselaws?id=287120 The High Court upheld the Tribunal's decision and dismissed the revenue's appeal regarding the penalty under section 272A(2)(g) of the Income-tax Act, 1961 for late issuance of TDS certificate. The Court emphasized the need for judicious exercise of discretion in imposing penalties, highlighting that penalties should not be levied solely because of the authority to do so, especially in cases of minor technical defaults. The Court found no substantial reason to impose a penalty and emphasized the importance of considering circumstances and exercising discretion as per Supreme Court guidance. en-us Wed, 10 Jan 2007 00:00:00 +0530 Mon, 30 Mar 2020 11:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287120 The High Court upheld the Tribunal's decision and dismissed the revenue's appeal regarding the penalty under section 272A(2)(g) of the Income-tax Act, 1961 for late issuance of TDS certificate. The Court emphasized the need for judicious exercise of discretion in imposing penalties, highlighting that penalties should not be levied solely because of the authority to do so, especially in cases of minor technical defaults. The Court found no substantial reason to impose a penalty and emphasized the importance of considering circumstances and exercising discretion as per Supreme Court guidance. Case-Laws Income Tax Wed, 10 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287120