Specify with reason, whether the following acts can be considered as tax planning, tax avoidance, tax management, or tax evasion : SM Finance Ltd. obtains Form 60 in lieu of PAN card from all its customers for whom PAN i

Tax Management: Obtaining Form 60 in lieu of PAN card (from whom PAN is not yet allotted) for the compliance of Income tax laws is an act of tax management. The company obtaining Form 60 in lieu of PAN cards to avoid any future compliance issues from tax authorities.