Company Is a Separate Legal Entity despite Majority Shareholding / Directorship by Assessee

Krishna Das Agarwal Vs DDIT/ADIT (Inv.) (ITAT Jaipur)

Black Money Act – Company Is a Separate Legal Entity and The Assessee Cannot Be Held to Be Beneficial Owner Ipso-Facto Due to Majority Shareholding / Directorship.-

FULL TEXT OF THE ORDER OF ITAT JAIPUR

These bunch of five appeals consist of one appeal filed by the assessee and other four filed by the revenue. These appeals are directed against the order of ld. Commissioner of Income Tax, Appeals-4, Jaipur [ Here in after referred as Ld. CIT(A) ] for the a

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