S. 68 – Mere Common address shared by several companies may not be sole ground to doubt identity or creditworthiness

Brief of the Case

Delhi High Court held In the case of Principle CIT vs. Matchless Glass Services Pvt. Ltd. that the fact that a common address is shared by several companies may not be a sole ground to doubt the identity or the creditworthiness of the companies; however in the given circumstances there may be several factors, which viewed cumulatively, to doubt the veracity of the Assessee’s claims. In the given case, various factors i.e. the address is that of a Janta flat which is normally used as

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