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In a temporary setback for the Government’s Plan to make Aadhaar mandatory for all Citizens, The Supreme Court has partially stayed newly-inserted provision of the Income Tax that makes linking of Aadhaar number with the PAN mandatory.
The Bench of Justice A.K. Sikri and Justice Ashok Bhushan on Friday, i.e 9th June’17, up held the Section 139AA subject to the final verdict on the privacy issues which is pending before the constitution bench.
In case you have Aadhaar and like to link with PAN visit Linking Aadhaar with PAN in 2 easy Steps
Positive Impact: FMCG, consumer durables, tourism, aviation, DTH cable, lubricants, laminates under building materials
Negative Impact: Luxury hotels, theme parks, luggage, breweries and distilleries, upstream and downstream oil sector
Neutral Impact: Auto, cement, banking, Agri chemicals, power and pharma