It is misconceived idea to charge payment of ‘on money’ to the shareholders of the company, in which company entered in the transaction
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92 total views On 3 February, 2017 ITAT, HYDERABAD BENCH in the case of Dy. CIT v. M/s. Maheswari Mega Ventures Ltd. decide on following three issues:- Assessing officer failed to appreciate that company is an independent entity and distinct person….