CIT v. Kamdhenu Steel & Alloys Ltd.
206 Taxmann 254Supreme Court of India2012#2122 most cited
What is CIT v. Kamdhenu Steel & Alloys Ltd. authority for?
The court is cited for the proposition that where an assessee claims that an amount received as share capital or share premium represents the "source of source", it is the assessee's responsibility to establish the creditworthiness of the creditor and the genuineness of the transaction. This requirement is essential for proving that the share capital is not bogus.
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judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2015 to 2026.
Also referred to as
CIT v Kamdhenu Steel & Alloys Ltd · Kamdhenu Steel · section 148 · section 148B · share capital · share premium · source of source · creditworthiness of creditor · bogus share capital · live link