https://www.taxtmi.com/caselaws?id=33650 The Tribunal upheld the decision to delete the penalty imposed by the Assessing Officer under section 272A(2)(g) of the Income-tax Act, 1961 for the assessment year 2000-01. The Tribunal found reasonable cause for the delay in issuing tax deducted at source certificates, considering factors such as labor unrest, lack of experienced staff, and no mala fide intention. Emphasizing that penalty provisions should not be oppressive, the Tribunal concluded that the penalty was not warranted in this case. The Revenue's appeal was dismissed as the Tribunal found no substantial question of law and the cited apex court decision was deemed inapplicable. en-us Thu, 02 Aug 2007 00:00:00 +0530 Mon, 01 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33650 The Tribunal upheld the decision to delete the penalty imposed by the Assessing Officer under section 272A(2)(g) of the Income-tax Act, 1961 for the assessment year 2000-01. The Tribunal found reasonable cause for the delay in issuing tax deducted at source certificates, considering factors such as labor unrest, lack of experienced staff, and no mala fide intention. Emphasizing that penalty provisions should not be oppressive, the Tribunal concluded that the penalty was not warranted in this case. The Revenue's appeal was dismissed as the Tribunal found no substantial question of law and the cited apex court decision was deemed inapplicable. Case-Laws Income Tax Thu, 02 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33650