Top court ordered Bank account not mandatory?
The Supreme Court on Wednesday allowed linking of Aadhaar with PAN or Permanent Account Number, which is mandatory for filing of income tax return (ITR).The top court, however, ruled that it is not mandatory to link bank accounts with the 12-digit personal identification number.
The Aadhaar verdict was announced by a five-judge constitution bench comprising Chief Justice Dipak Misra, Justice A.K. Sikri, Justice A.M. Khanwilkar, Justice D.Y. Chandrachud and Justice Ashok Bhushan. The bench had reserved the verdict after hearing the petitions for over 38 days starting January 17 this year.
Aadhaar is a unique 12-digit identification number issued to individuals by the Unique Identification Authority of India (UIDIA) after storing their biometrics data. PAN is a 10-digit alphanumeric number issued to assessees by the Income Tax Department.