https://www.taxtmi.com/caselaws?id=217765 The ITAT Amritsar upheld the penalty imposition of Rs.10,000 for failure to quote PAN on Form No. 16 & 16A under Section 272B of the Income Tax Act, 1961. The ITAT found that the assessee did not provide a reasonable cause for not complying with the PAN requirement, as mandated by Section 139A. Despite the assessee's arguments and legal precedents cited, the ITAT determined that the penalty was justified, dismissing all nine appeals filed by the assessee against the CIT(A)'s order. en-us Tue, 17 Jul 2012 00:00:00 +0530 Thu, 25 Oct 2012 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217765 The ITAT Amritsar upheld the penalty imposition of Rs.10,000 for failure to quote PAN on Form No. 16 & 16A under Section 272B of the Income Tax Act, 1961. The ITAT found that the assessee did not provide a reasonable cause for not complying with the PAN requirement, as mandated by Section 139A. Despite the assessee's arguments and legal precedents cited, the ITAT determined that the penalty was justified, dismissing all nine appeals filed by the assessee against the CIT(A)'s order. Case-Laws Income Tax Tue, 17 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217765