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AO couldn’t treat payer as assessee-in-default without establishing that payee didn’t pay tax on income
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Corporate Tax
AO couldn’t treat payer as assessee-in-default without establishing that payee didn’t pay tax on income
Posted on
on
August 12, 2017
Tenet Tax Daily August 03 2017
By
tenettax-team
Corporate Tax
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Concealment penalty was justified as confiscated cash was disclosed in return after issuance of scrutiny notice
Firm Controlled by assessee’s brother and his wife couldn’t be held as associate enterprise for TP purposes
