No penalty for non/wrong quoting of PAN of deductees in TDS return, if corrected afterwards in revised return

0 comments Monday, February 6, 2012
Chandigarh ITAT has held in an important case namely ITO(TDS), Panchkula Vs. Bharat Electronics Ltd.(2012) 47 I.T.Reps 167(ITAT-Chd)  that no penalty u/s 272B for wrong quoting of PAN shall be leviable on the deductor when such deductor had quoted invalid PAN in 64 cases out of 645 deductees, which default was corrected by the assessee on coming to know of it and filed revised return with correct PAN after verifying the same from the deductees.
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