Obligation to Verify PAN: recipients of mandatory transaction documents must ensure PAN is quoted before processing transactions. Recipients of specified economic or financial transaction documents have a statutory duty to verify that the Permanent Account Number (PAN) is quoted where quoting PAN is mandatory; the receiver must ensure PAN is present before accepting or processing the document, illustrated by banks confirming PAN when opening accounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Obligation to Verify PAN: recipients of mandatory transaction documents must ensure PAN is quoted before processing transactions.
Recipients of specified economic or financial transaction documents have a statutory duty to verify that the Permanent Account Number (PAN) is quoted where quoting PAN is mandatory; the receiver must ensure PAN is present before accepting or processing the document, illustrated by banks confirming PAN when opening accounts.
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