https://www.taxtmi.com/caselaws?id=333830 An incorrect Permanent Account Number furnished for the deductee triggers section 206AA as a deeming fiction that PAN has not been furnished, requiring deduction at the higher of the prescribed rate, the rate in force, or twenty per cent. The deductor must quote a valid PAN and verify its correctness; failure to do so can sustain a differential demand for short deduction where the defect is detected during processing of the TDS return. The ITAT Jaipur upheld the demand because the assessee had deducted tax on the basis of an invalid PAN and had not verified it at the relevant time. en-us Wed, 14 Sep 2016 00:00:00 +0530 Tue, 25 Oct 2016 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333830 An incorrect Permanent Account Number furnished for the deductee triggers section 206AA as a deeming fiction that PAN has not been furnished, requiring deduction at the higher of the prescribed rate, the rate in force, or twenty per cent. The deductor must quote a valid PAN and verify its correctness; failure to do so can sustain a differential demand for short deduction where the defect is detected during processing of the TDS return. The ITAT Jaipur upheld the demand because the assessee had deducted tax on the basis of an invalid PAN and had not verified it at the relevant time. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333830