https://www.taxtmi.com/caselaws?id=56246 The Tribunal concluded that the imposition of a penalty of Rs. 8,37,900 against a total tax deduction of Rs. 42,510 was not justified. The default was considered technical and not deliberate, with no loss of revenue or evasion of tax liability. The penalty was canceled, and the assessee's appeal was allowed. en-us Fri, 11 Sep 1998 00:00:00 +0530 Thu, 02 Dec 2010 16:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56246 The Tribunal concluded that the imposition of a penalty of Rs. 8,37,900 against a total tax deduction of Rs. 42,510 was not justified. The default was considered technical and not deliberate, with no loss of revenue or evasion of tax liability. The penalty was canceled, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 11 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56246