https://www.taxtmi.com/caselaws?id=798560 Incorrect PAN allotment due to an entity-status error does not justify penalties where the company complies under a subsequently allotted PAN reflecting its correct legal status. Non-compliance penalties require absence of reasonable cause; receipts recorded under the incorrect PAN were accounted for and offered to tax under the correct PAN, avoiding separate assessment and double taxation. Deletion of quantum additions removes the basis for concealment or inaccurate-particulars penalties. Where audited books, the tax audit report and the income-tax return are furnished under the correct PAN, duplicate compliance is not required merely because an erroneous PAN exists. Non-filing under the incorrect PAN is treated as a technical default in these circumstances. en-us Wed, 29 Jul 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798560 Incorrect PAN allotment due to an entity-status error does not justify penalties where the company complies under a subsequently allotted PAN reflecting its correct legal status. Non-compliance penalties require absence of reasonable cause; receipts recorded under the incorrect PAN were accounted for and offered to tax under the correct PAN, avoiding separate assessment and double taxation. Deletion of quantum additions removes the basis for concealment or inaccurate-particulars penalties. Where audited books, the tax audit report and the income-tax return are furnished under the correct PAN, duplicate compliance is not required merely because an erroneous PAN exists. Non-filing under the incorrect PAN is treated as a technical default in these circumstances. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798560