Non recognition of assessee as an “assessee” under the Income ...

Entity's Status as "Assessee" Under Income Tax Act Challenged; Lacks Evidence for Bogus NBFC Claim.

January 31, 2018

Case Laws Income Tax AT

Non recognition of assessee as an “assessee” under the Income Tax Act - bogus entity or not - Since in the earlier assessment years and subsequent assessment year the assessee’s return of income has been accepted and even “refunds” have been allowed, treating the assessee an NBFC company as bogus need to be supported by material/evidence which the AO has not spelt out. - AT

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Non recognition of assessee as an “assessee” under the Income ...

Entity's Status as "Assessee" Under Income Tax Act Challenged; Lacks Evidence for Bogus NBFC Claim.

January 31, 2018

Case Laws Income Tax AT

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