Tax Dispute Over Sections 115BBE and 115BBC Due to Non-Existent Entities and Lack of Documentation by Assessee.

Tax Dispute Over Sections 115BBE and 115BBC Due to Non-Existent Entities and Lack of Documentation by Assessee. https://www.taxtmi.com/highlights?id=67446 Addition u/s 68 - non-existence of the party - tax was levied u/s 115BBE and 115BBC of the Act on the ground that the said entities are being presently struck off record of registered companies - The assessee was unable to produce any documents in support of their action to restore the donor-company before the judicial authority. Accordingly, the question was unanswered related to the identity of the corporate bodies to prove the existence related the transaction of assessee. - AT en-us Mon, 02 Jan 2023 16:33:36 +0530 Mon, 02 Jan 2023 16:33:36 +0530 TaxTMI RSS Generator Tax Dispute Over Sections 115BBE and 115BBC Due to Non-Existent Entities and Lack of Documentation by Assessee. https://www.taxtmi.com/highlights?id=67446 Addition u/s 68 - non-existence of the party - tax was levied u/s 115BBE and 115BBC of the Act on the ground that the said entities are being presently struck off record of registered companies - The assessee was unable to produce any documents in support of their action to restore the donor-company before the judicial authority. Accordingly, the question was unanswered related to the identity of the corporate bodies to prove the existence related the transaction of assessee. - AT Highlights Income Tax Mon, 02 Jan 2023 16:33:36 +0530 https://www.taxtmi.com/highlights?id=67446