https://www.taxtmi.com/highlights?id=37789 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 en-us Wed, 31 Jan 2018 08:53:31 +0530 Wed, 31 Jan 2018 08:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37789 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 Highlights Income Tax Wed, 31 Jan 2018 08:53:31 +0530 https://www.taxtmi.com/highlights?id=37789