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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


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<h1>Penalties Imposed Under Section 272B for PAN/Aadhaar Defaults in Income Tax Compliance, Including False or Multiple PANs.</h1> Penalty under Section 272B of the Income Tax Act can be imposed for several defaults, including failing to apply for a Permanent Account Number (PAN) when required, not quoting PAN or Aadhaar in returns or challans, not intimating PAN or Aadhaar to the responsible tax deduction or collection person, quoting or intimating false PAN or Aadhaar, not quoting PAN or Aadhaar in financial transaction documents as per Rule 114B, failing to authenticate PAN or Aadhaar, and obtaining multiple PANs.