New Delhi: The Supreme Court on Friday pronounced its order on mandatory requirements of Aadhaar card for Income Tax Return (ITR).
In its order, the apex court has stayed the central government order of linking Aadhaar with Personal Account Number (PAN).
A bench of Justice A.K. Sikri and Justice Ashok Bhushan said that those who already possess Aadhaar number will have to link it with PAN, but it cannot be insisted upon in case of people not possessing Aadhaar card.
SC has stayed government order of linking Aadhaar with PAN till the constitution bench decides the matter.
A bench comprising Justice A K Sikri and Justice Ashok Bhushan had on May 4 reserved the verdict on the pleas, challenging section 139AA of the Income Tax (I-T) Act, which was introduced through the latest budget and the Finance Act, 2017.
Urging the taxpayers to link Aadhaar with Personal Account Number as soon as possible, an email from the Income Tax Department’s e-filing team reads: “This (linking of Aadhaar and PAN) will be useful for E-Verification of Income Tax returns using Aadhaar OTP (One-Time Password).”
The government had earlier decided to lower the limit on cash transactionfrom Rs 3 lakh to Rs 2 lakh, and make Aadhaar number mandatory for filing income tax returns and applying for a PAN card.
The decisions were part of amendments moved to the finance bill, which puts into effect the Budget proposals.