SC upholds constitutional validity Aadhaar for IT
( 11026 बार पढ़ी गयी)
Published on : 12 Jun, 17 13:06
New Delhi: Supreme Court upholds constitutional validity of I-T Act that makes quoting of Aadhaar mandatory while filing ITR and applying for PAN; Says, competence of Parliament to make it mandatory under Income Tax act for curbing black money, tax evasion and money laundering cannot be questioned.
The Supreme Court in its Landmark Judgement has upheld Section139AA of the Income Tax Act,1961 as constitutionally valid which required quoting of the Aadhaar number in applying for PAN as well as for filing of income tax returns. The Apex Court also held that the "Parliament was fully competent to enact Section 139AA of the Act and its authority to make this law was not diluted by the orders of this Court." Therefore, no violation of the earlier Supreme Court orders were found in enacting the provision. Meanwhile, Central Board of Direct Taxes, CBDT made it clear that Aadhaar will be a must for filing Income Tax Returns as well as applying for PAN from 1st of next month. In a statement it said, everyone who has already been allotted PAN, and has Aadhaar number or is eligible to obtain Aadhaar number will intimate it to Income Tax authorities for the purpose of linking PAN with Aadhaar.
It also said, the Supreme Court has given partial relief to those who do not have Aadhaar, and also do not wish to obtain Aadhaar so that for the time being their PAN is not cancelled and other consequences under the Income Tax Act may not arise.
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The Supreme Court in its Landmark Judgement has upheld Section139AA of the Income Tax Act,1961 as constitutionally valid which required quoting of the Aadhaar number in applying for PAN as well as for filing of income tax returns. The Apex Court also held that the "Parliament was fully competent to enact Section 139AA of the Act and its authority to make this law was not diluted by the orders of this Court." Therefore, no violation of the earlier Supreme Court orders were found in enacting the provision. Meanwhile, Central Board of Direct Taxes, CBDT made it clear that Aadhaar will be a must for filing Income Tax Returns as well as applying for PAN from 1st of next month. In a statement it said, everyone who has already been allotted PAN, and has Aadhaar number or is eligible to obtain Aadhaar number will intimate it to Income Tax authorities for the purpose of linking PAN with Aadhaar.
It also said, the Supreme Court has given partial relief to those who do not have Aadhaar, and also do not wish to obtain Aadhaar so that for the time being their PAN is not cancelled and other consequences under the Income Tax Act may not arise.
© CopyRight Pressnote.in | A Avid Web Solutions Venture.