https://www.taxtmi.com/caselaws?id=406130 The tribunal allowed the assessee's appeals, deleting penalties imposed for delayed filing of TDS returns due to non-availability of PAN numbers. The high court admitted Revenue's appeals, questioning the full waiver of penalties and directed the tribunal to reconsider. Subsequently, penalties were reduced to Rs. 25,000 each by the tribunal, considering the hindrance caused by TDS deductees' failure to provide PAN numbers. The decision balanced compliance with the Income Tax Act and the specific challenges faced by the assessee. en-us Fri, 26 Mar 2021 00:00:00 +0530 Wed, 07 Apr 2021 09:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406130 The tribunal allowed the assessee's appeals, deleting penalties imposed for delayed filing of TDS returns due to non-availability of PAN numbers. The high court admitted Revenue's appeals, questioning the full waiver of penalties and directed the tribunal to reconsider. Subsequently, penalties were reduced to Rs. 25,000 each by the tribunal, considering the hindrance caused by TDS deductees' failure to provide PAN numbers. The decision balanced compliance with the Income Tax Act and the specific challenges faced by the assessee. Case-Laws Income Tax Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406130