2012 (11) TMI 1139

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..... y a sum of ₹ 10,000/. thus the penalty u/s 272B of the Act at is restricted to ₹ 10,000/- appeal of the Revenue is dismissed. - ITA No. 777/Chd/2012 - - - Dated:- 22-11-2012 - SHRI T.R.SOOD, ACCOUNTANT MEMBER AND Ms. SUSHMA CHOWLA, JUDICIAL MEMBER For the Appellant by :- None For the Respondent by:- Shri N.K.Saini, DR O R D E R PER SUSHM .....

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..... o comply with the provisions of sub clause (iv) clause 5B) of section 139A, the appellant is liable to penalty of ₹ 10,000/- u/s 272B(1) of the Income Tax Act 1961. 3. The present appeal is filed by the Revenue against the order of CIT (Appeals) in restricting the penalty levied under section 272B of the Act from ₹ 4,80,000/- to ₹ 10,000/-. 4. The brief facts of .....

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..... rlier date of hearing and even on the appointed date of hearing i.e. 19.11.2012. We proceed 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. .....

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