In case of a company, an application for incorporation, allotment of Permanent Account Number (PAN) and allotment of Tax Deduction and Collection Account Number (TAN) may be made through a Common Application Form submitted to the Ministry of Corporate Affairs (MCA). In these cases, the Certificate of Incorporation (COI) issued by MCA contains a mention of both PAN and TAN.
Finance Act, 2018 amended section 139A of the Income-tax Act, 1961 removed the requirement of issuing PAN in the form of a laminated card. Hence, it is clarified that PAN and TAN mentioned in the Certificate of Incorporation (COI) issued by MCA shall also be treated as sufficient proof of PAN and TAN for the said company assessees.
Condoning delay in filing audit report in Form 10B as CA of the assessee was not aware of newly introduced…
There is no bar in penalty u/s 271B for non-audit u/s 44AB if penalty u/s 271A is also levied for…
Cash book cannot be rejected when availability of stock in trade is not disputed as per stock register which is…
Section 148 of Income Tax Act after 01.04.2021, does not even require recording reason to believe. In a recent judgment,…
Income Tax Department, Lucknow is hiring Young Professional for assisting the Departmental Officers posted in various benches of ITAT, Lucknow…
Burden of proof is on assessee to adduce cogent evidence that land sold was an agricultural land – Supreme Court…