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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Addition u/s 68 - Onus to prove - The theory of conduit company ...

Income Tax

April 11, 2023

Addition u/s 68 - Onus to prove - The theory of conduit company is not acceptable as, for being a conduit company, the assessee is duty bound to establish that the company from whom it received the amount and the company in which it invested the same amount were of the same group and it was merely an intermediary or conduit company. - AT

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