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

Assessee Must Prove Conduit Company Status u/s 68 of Income Tax Act to Establish Intermediary Role.

April 11, 2023

Case Laws Income Tax AT

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

Assessee Must Prove Conduit Company Status u/s 68 of Income Tax Act to Establish Intermediary Role.

April 11, 2023

Case Laws Income Tax AT

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