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Permanent Account Number requirement made compulsory for specified taxpayers in designated regions, requiring timely application to tax authorities. Compulsory application for allotment of a Permanent Account Number under the new series is required for persons assessed by specified income tax authorities in Delhi, Mumbai and Madras who lack a PAN or hold a PAN not under the new series and who: have total income above the basic exemption limit; carry on a business or profession with turnover, sales or gross receipts likely to exceed the stated threshold; or are required to furnish a return of income. Applications to the concerned Assessing Officer must be made within 1-30 June 1996 for assessment year 1996-97, and persons becoming newly liable thereafter must apply on or before 30 June in subsequent assessment years. Persons already allotted a PAN under the new series need not reapply.
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.
Permanent Account Number requirement made compulsory for specified taxpayers in designated regions, requiring timely application to tax authorities.
Compulsory application for allotment of a Permanent Account Number under the new series is required for persons assessed by specified income tax authorities in Delhi, Mumbai and Madras who lack a PAN or hold a PAN not under the new series and who: have total income above the basic exemption limit; carry on a business or profession with turnover, sales or gross receipts likely to exceed the stated threshold; or are required to furnish a return of income. Applications to the concerned Assessing Officer must be made within 1-30 June 1996 for assessment year 1996-97, and persons becoming newly liable thereafter must apply on or before 30 June in subsequent assessment years. Persons already allotted a PAN under the new series need not reapply.
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