Error in linking of PAN in Bank Account – ITAT deletes addition

Kishan Singh & Associates Vs ITO (ITAT Delhi)

The case involved an addition of Rs. 10,00,000/- made by the Assessing Officer under sections 69A and 115BBE of the Income Tax Act, due to the non-filing of Return of Income.

Analysis: The dispute arose from an error where the PAN of a dissolved partnership firm, M/s Kishan Singh & Associates, was linked with a bank account instead of the PAN of the proprietorship firm run by Ms. Arti Chauhan. The appellant argued that

Please become a Premium member. If you are already a Premium member, login here to access the full content.