Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]

Provision - PAN - E-TDS - ITAT - Payments - Agreements - taxscan

The Visakhapatnam Bench Income Tax Appellate Tribunal (ITAT) has held that the provision mandating furnishing of PAN with E-TDS has an overriding effect and upholds the applicability of section 206AA of Income Tax Act 1961, on payments made under an oral agreement. The appellant,Bheemunipatnam Mutually Aided Cooperative Building Society Ltd petitioned against the order of…

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