Signature in ‘Consent Waiver Form’ Proves that Trust has No Role in Opening of Overseas Bank Account: ITAT Restores Matter to AO [Read Order]

Signature - Consent Waiver Form - Trust - Overseas Bank Account - Bank Account - ITAT - AO - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that signing of ‘consent waiver form’ proves its bonafide that trust has no role in opening of overseas bank account, the matter is restored back to the file of the Assessing Officer (AO) . The assessee M/s. Niraguna Balik Satsang Mandal is a society registered…

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