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2014 (2) TMI 867 - ITAT DELHIDeletion of penalty u/s 272B of the Act - Failure to mention PAN – Held that:- Section 272B of the Act is to be read in conjunction with section 139A(5B) of the Act - CIT(A) has restricted penalty to the tune of Rs. 30,000/- in all the appeal following the clarification embodied in the CBDT letter dated 05.08.2008 - Since this fact is not disputed by the revenue that CBDT has issued a clarification whereby it has been clarified penalty u/s 272B of Rs. 10,000/- is linked to the person and not with the number of defaults – thus, there is no infirmity in the orders of CIT(A) – Decided against Revenue.
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