Kerala HC Quashes Income Tax Reassessment Notice Issued on Cancelled PAN

Keerampara Service Co-Operative Bank Ltd Vs ITO (Kerala High Court) Kerala High Court has set aside income tax reassessment proceedings initiated against Keerampara Service Co-Operative Bank Ltd., ruling that notices and assessment orders issued under a Permanent Account Number (PAN) that had been cancelled denied the petitioner a proper opportunity to contest the matter. The judgment, delivered in the case of Keerampara Service Co-Operative Bank Ltd Vs ITO, highlights the importance of correct taxpayer identification in tax administration. Keerampara Service Co-Operative Bank Ltd., classified...