https://www.taxtmi.com/caselaws?id=472133 Substance over form prevents transactions of an individual's proprietary business from being attributed to a partnership firm solely because the firm's PAN was incorrectly mapped to the business bank accounts during KYC updating. Bank confirmations, GST records, returns, financial statements and purchase records may establish the actual proprietor and the firm's lack of involvement. Such erroneously reported transactions cannot be assessed as the firm's income or turnover. en-us Thu, 17 Apr 2025 00:00:00 +0530 Wed, 30 Sep 2026 13:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472133 Substance over form prevents transactions of an individual's proprietary business from being attributed to a partnership firm solely because the firm's PAN was incorrectly mapped to the business bank accounts during KYC updating. Bank confirmations, GST records, returns, financial statements and purchase records may establish the actual proprietor and the firm's lack of involvement. Such erroneously reported transactions cannot be assessed as the firm's income or turnover. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472133