2012 (11) TMI 1139

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....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 ....

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....T  (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 had....

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....oceed 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 Fo....