PAN-based account code requirement may cause rejected bank tax payments or booking to assessee suspense Adoption of 15 digit PAN based codes and location codes under the EASIEST electronic accounting system becomes mandatory from 1-11-2006; legacy 10 digit codes are withdrawn. Banks will not accept tax remittances with missing or incorrect PAN based codes or will book such amounts to 'ASSESSEE SUSPENSE.' Assessees must obtain the PAN based and location codes by 31 10 2006 or notify the Commissioner of difficulties.
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Provisions expressly mentioned in the judgment/order text.
PAN-based account code requirement may cause rejected bank tax payments or booking to assessee suspense
Adoption of 15 digit PAN based codes and location codes under the EASIEST electronic accounting system becomes mandatory from 1-11-2006; legacy 10 digit codes are withdrawn. Banks will not accept tax remittances with missing or incorrect PAN based codes or will book such amounts to "ASSESSEE SUSPENSE." Assessees must obtain the PAN based and location codes by 31 10 2006 or notify the Commissioner of difficulties.
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