Return not filed due to wrong categorisation of PAN: HC quashes order & allows return filing

Thiruvanmiyur Milk Consumer’s Co-operative Society Limited Vs Assessing Officer (Madras High Court) Thiruvanmiyur Milk Consumer’s Co-operative Society Limited has contested assessment orders and penalty notices, citing violations of natural justice. The High Court intervened in light of the incorrect categorization of the society’s PAN, enabling the society to rectify the error and file returns. Key Points: The petitioner, a Co-operative Society, highlighted the issuance of an erroneous PAN (AACCT9874A), leading to misclassification as a company by the Income Tax Department....