https://www.taxtmi.com/caselaws?id=244272 The High Court dismissed the appeal regarding penalty imposition under Section 272B for failure to provide PAN Numbers by deductees. The Court emphasized that if deductees do not furnish PAN Numbers, the respondent-assessee cannot be penalized under Section 272B. The penalty of Rs.10,000/- can be imposed on the deductor regardless of the number of defaults in TDS returns, aligning with legislative intent. The Court concluded that no substantial question of law arose and highlighted the importance of clarity in penalty imposition and adherence to legal provisions. en-us Fri, 26 Jul 2013 00:00:00 +0530 Fri, 21 Feb 2014 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244272 The High Court dismissed the appeal regarding penalty imposition under Section 272B for failure to provide PAN Numbers by deductees. The Court emphasized that if deductees do not furnish PAN Numbers, the respondent-assessee cannot be penalized under Section 272B. The penalty of Rs.10,000/- can be imposed on the deductor regardless of the number of defaults in TDS returns, aligning with legislative intent. The Court concluded that no substantial question of law arose and highlighted the importance of clarity in penalty imposition and adherence to legal provisions. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244272