https://www.taxtmi.com/caselaws?id=471588 PAN-linked bank accounts can support initiation of assessment proceedings where cash deposits were made in an account whose PAN and partnership details were not updated, despite a claim that the original partnership firm no longer existed. Continued use of the account meant that proceedings initiated against the entity identified through its linked PAN were not invalid on that ground. However, the assertion that the deposits belonged to a newly constituted firm required examination. Fresh assessment following verification of deposit ownership was therefore justified. en-us Tue, 08 Apr 2025 00:00:00 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471588 PAN-linked bank accounts can support initiation of assessment proceedings where cash deposits were made in an account whose PAN and partnership details were not updated, despite a claim that the original partnership firm no longer existed. Continued use of the account meant that proceedings initiated against the entity identified through its linked PAN were not invalid on that ground. However, the assertion that the deposits belonged to a newly constituted firm required examination. Fresh assessment following verification of deposit ownership was therefore justified. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471588