Over 6.83 lakh firms have PAN but did not file tax returns
Over 6.83 lakh companies have Permanent Account Number (PAN) but didn't file income tax returns for assessment year 2016-17. Delhi had the most number of such companies at over 1.44 lakh. Notices have been issued to companies which were prima facie not carrying out any business for a period of two immediately preceding fiscals and failed to file financial statements.