https://www.taxtmi.com/highlights?id=104842 Wrongful linkage of an individual's PAN to company bank accounts removed the factual basis for scrutiny where the account transactions were neither related nor attributable to that individual. Tax liability and consequential penalty could not be imposed on transactions belonging to the company. The assessment, penalty and demand orders, together with the revisional order, were set aside, without affecting other aspects of the matter. en-us Mon, 12 Oct 2026 04:18:33 +0530 Mon, 12 Oct 2026 04:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104842 Wrongful linkage of an individual's PAN to company bank accounts removed the factual basis for scrutiny where the account transactions were neither related nor attributable to that individual. Tax liability and consequential penalty could not be imposed on transactions belonging to the company. The assessment, penalty and demand orders, together with the revisional order, were set aside, without affecting other aspects of the matter. Highlights Income Tax Mon, 12 Oct 2026 04:18:33 +0530 https://www.taxtmi.com/highlights?id=104842