PAN Mismatch Triggers Reassessment Remand for Import Verification

ITO Vs Super Plastronics Private Limited (ITAT Delhi) Firm’s PAN Used for Imports, Company Had Already Filed ROI – Wrong PAN Triggered Reopening: Delhi ITAT Sends Matter Back—Imports to Be Verified Afresh Revenue filed four appeals—two quantum & two penalty—for AYs 2015-16 & 2016-17. AO had issued notices u/s 148 based on AIMS/NMS information showing significant import transactions against PAN AACFS9943C, which belonged to a firm. Assessee, however, was a private limited company, regularly filing returns since AY 2005-06 under correct PAN AACCS1710N. AO presumed non-filin...