2013 (2) TMI 760 - AT - Income Tax

Summary

Issues involved: Appeals against order of Commissioner of Income Tax (Appeals) u/s 272B of the Income Tax Act, 1961 for assessment years 2008-09 and 2009-10.

Judgment Details:

1. Appeal No. 853/Chd/2012:
- Assessee failed to furnish correction statement for invalid/missing PAN numbers, leading to penalty u/s 272B.
- Assessee's contention of filing correction statement and issuing letters not supported by evidence.
- CIT (Appeals) upheld penalty of Rs. 10,000 under section 272B.

2. Appeal No. 854/Chd/2012:
- Penalty imposed for invalid/missing PAN numbers in e-TDS quarterly statement.
- Assessee's failure to provide evidence of sending letters to deductees led to confirmation of penalty by CIT (Appeals).

3. Appeal No. 855/Chd/2012:
- Penalty upheld for invalid/missing PAN numbers in e-TDS quarterly statement.
- Assessee's incomplete correction statement and lack of evidence of letter dispatch resulted in penalty confirmation by CIT (Appeals).

4. Common Ground:
- Assessee argued majority of PAN numbers were furnished, hence penalty u/s 272B unjustified.
- Rival contentions heard, record perused, and penalty of Rs. 10,000 upheld by ITAT Chandigarh.

5. Conclusion:
- Failure to comply with PAN number provisions led to penalty imposition.
- CIT (Appeals) decisions upheld, and all appeals of the assessee dismissed.