As it is well known that the income tax department has allowed Aadhaar card holders to use the biometric id number in lieu of the Permanent Account Number (PAN). But as per new provision of Income Tax, fine of Rs. 10,000 may be levied in case of wrong Aadhar Number. As per the latest amendments in the Finance Bill 2019, not only allowed people to use Aadhaar in lieu of PAN but also introduced a penalty for giving a false Aadhaar number. However, the new penalty rules are applicable only in cases where you are using Aadhaar in lieu of PAN and where quoting PAN is mandatory according to the income tax department rules. It is well known that although Aadhaar is issued by the Unique Identity Authority of India, yet the fine is not imposed by UIDAI but by the income tax department. Under Section 272B of the Income Tax Act, 1961, the department can impose a penalty in case of default in complying with provisions relating to PAN, i.e., failure to obtain, quote, or authenticate PAN.
As per the information received
from sources that there is a meeting in Board office On 19 .05.14 only to
discuss prospective merger of Inspector (Central Excise) cadre from Zonal to an
all India cadre with all India seniority list.
Board has already given approval
to this scheme in principle. No other issue will be discussed. It is also
informed that Staff allocation has already been approved by FM on 10th May,
2014 and Board has issued Notification about creation of new establishment as
approved by Cabinet.
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