A warm regards to my CA fraternity.
One of my client inadvertantly holded two PAN in 2005, he surrendered one PAN on 24/03/2005 & the confirmation for the same was received from the deptt. on 15/01/2007. The return for A.Y.2007-08 was filled with the PAN so retained. Now deptt. has issued a notice u/s 148 to my client on 24/03/2014 for A.Y. 2007-08 quoting the old PAN. In discussion with A.O. he told that reason to belief was generated by surrendered PAN so you need to file the return. Now whether this notice is Valid or void. Secondly whether should we not file return and wait for A.O's ex party assessment order & then challege AO's order in Appeal if notice is void.
CAclubindia
