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2012 (11) TMI 1139 - AT - Income TaxLevy of penalty u/s 272B - non quoting/wrong quoting of PANs in the TDS Return 24Q - Held that:- As per section 272B(1) of the Act If a person failed to comply with the provision of section 139A, the Assessing Officer may direct that such person shall pay, by way of penalty a sum of ₹ 10,000/. thus the penalty u/s 272B of the Act at is restricted to ₹ 10,000/- appeal of the Revenue is dismissed.
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