https://www.taxtmi.com/highlights?id=69165 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 en-us Tue, 11 Apr 2023 10:06:28 +0530 Tue, 11 Apr 2023 10:06:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69165 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 Highlights Income Tax Tue, 11 Apr 2023 10:06:28 +0530 https://www.taxtmi.com/highlights?id=69165