https://www.taxtmi.com/highlights?id=37928 Where the constituent participants make a JV to secure a contract, which is merely a pass through entity with minimal expenses, no tax liability cab be attributed by holding the subject entity JV as AOP. No net profit on % bases can be taxed as has been done in this case - AT en-us Sat, 10 Feb 2018 11:15:10 +0530 Sat, 10 Feb 2018 11:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37928 Where the constituent participants make a JV to secure a contract, which is merely a pass through entity with minimal expenses, no tax liability cab be attributed by holding the subject entity JV as AOP. No net profit on % bases can be taxed as has been done in this case - AT Highlights Income Tax Sat, 10 Feb 2018 11:15:10 +0530 https://www.taxtmi.com/highlights?id=37928