9911796707
TMI Blog2012 (11) TMI 1139X X X X Extracts X X X X X X X X Extracts X X X X ..... DR O R D E R PER SUSHMA CHOWLA, J.M, : The appeal filed by the Revenue is against the order of the Commissioner of Income-tax (Appeals), Panchkula dated 16.05.2012 relating to assessment year 2009-10 against the penalty levied u/s 272B of the Income Tax Act, 1961 (in short 'the Act'). 2. The assessee has raised the following ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IT (Appeals) in restricting the penalty levied under section 272B of the Act from Rs. 4,80,000/- to Rs. 10,000/-. 4. The brief facts of the case are that the assessee in the e-TDS quarterly statement of deduction of tax in Form No.24Q relating to financial year 2008-09 filed on 16.5.2009 ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roceed to dispose off the present appeal after hearing the learned D.R. for the Revenue. 6. The issue raised in the present appeal is in relation to levy of penalty under section 272B of the Act for the default in quoting of PAN numbers of the deductees in the e-TDS quarterly statement filed in Form No.24Q by the assessee. The assessee in the said F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nbsp; of Rs. 10,000/-. In view of the above said provisions of the Act we are in agreement with the order of the CIT (Appeals) in restricting levy of penalty under section 272B of the Act at Rs. 10,000/-. Thus grounds of appeal raised by the Revenue are dismissed. 7. In the result, the appeal of the Revenue is dis ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
