Non-compliance with Section 139A of the Income Tax Act may lead to a 10,000 penalty for PAN violations.

Failure to comply with section 139A of the Income Tax Act can result in a penalty of 10,000, as directed by the Assessing Officer. This applies if a person fails to quote or intimate their Permanent Account Number (PAN) as required, or provides a false PAN knowingly or without belief in its truth. Before imposing a penalty under sections 272B(1) or 272B(2), the person must be given an opportunity to be heard.

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