PAN allotment requirement expanded to permit government notifications and Assessing Officer allotment based on prescribed transactions. The amendment empowers the Central Government to notify classes of persons required to apply for a permanent account number and authorises Assessing Officers to allot PANs based on prescribed transactions regardless of tax liability, under prescribed procedures. It also extends quarterly statement reporting references to applicable withholding and collection provisions and replaces references to 'seller' with 'person' or 'person responsible for collecting tax' to clarify reporting and collection obligations.
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Provisions expressly mentioned in the judgment/order text.
PAN allotment requirement expanded to permit government notifications and Assessing Officer allotment based on prescribed transactions.
The amendment empowers the Central Government to notify classes of persons required to apply for a permanent account number and authorises Assessing Officers to allot PANs based on prescribed transactions regardless of tax liability, under prescribed procedures. It also extends quarterly statement reporting references to applicable withholding and collection provisions and replaces references to "seller" with "person" or "person responsible for collecting tax" to clarify reporting and collection obligations.
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