2012 (2) TMI 304

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....t is directed against the order passed by the ld. CIT(A) on 6.7.2011 by which he has cancelled the penalty amounting to Rs. 3,30,000/- levied by the AO u/s 272B of the Income-tax Act, 1961 for non-quoting/wrong quoting of PANs in 33 cases in TDS returns being form No. 24Q for financial year 2008-09. 2. Briefly stated the facts of the case are that the tax deductor filed e-TDS quarterly statement ....

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....ave heard both the parties and carefully considered their submissions. The ld. CIT(A) has cancelled the impugned penalty with the following observations:-   "In the present case as already observed the appellant deducted TDS correctly and revised PAN and filed the revised statement on Form No. 26Q, hence there is sufficient compliance of the provisions of section 139A. In view of the aforesa....