https://www.taxtmi.com/caselaws?id=800815 Wrongful PAN linkage to bank accounts and cash transactions belonging to a company removed the factual basis for attributing the related income to an individual taxpayer. Assessment under best-judgment and faceless-assessment provisions, consequential penalty proceedings, tax demands, and revision could not stand without that attribution. The taxpayer bore no tax or penalty liability for the company's transactions; the assessment, penalties, demands, and revisional action were set aside. en-us Wed, 07 Oct 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800815 Wrongful PAN linkage to bank accounts and cash transactions belonging to a company removed the factual basis for attributing the related income to an individual taxpayer. Assessment under best-judgment and faceless-assessment provisions, consequential penalty proceedings, tax demands, and revision could not stand without that attribution. The taxpayer bore no tax or penalty liability for the company's transactions; the assessment, penalties, demands, and revisional action were set aside. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800815