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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Treating the status of the assessee Trust as "AOP" - there has ...

Case Laws     Income Tax

February 4, 2020

Treating the status of the assessee Trust as "AOP" - there has been some concerted and coordinated action on the part of the beneficiaries in completing the securitization process, has not travelled beyond the stage of suspicion and surmise and therefore in our view Revenue has not discharged the onus of establishing the existence of an AOP in the case on hand.

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