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of <h1>Revised Template for AIR Transactions Without Valid PAN Under SOP Dated 22.07.2016 Requires Electronic Confirmation</h1> A corrigendum was issued to replace the earlier letter template dated 22.07.2016 concerning handling of Annual Information Return (AIR) transactions without valid PAN. The revised template must be used by field formations when communicating with parties involved in such transactions under the Standard Operating Procedure of 22.07.2016. The letter requests recipients to electronically confirm and link reported large value transactions to a valid PAN via the e-filing portal within 15 days, failing which proceedings under the Income Tax Act may be initiated. No physical submission is required, and corrections to responses can be made online. A departmental helpline is provided for assistance. The communication is electronically generated and requires no signature. The corrigendum emphasizes compliance with the updated procedure to ensure proper tax reporting and administration.
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