Undisclosed Income of AOP Syndicates cannot be clubbed with member assessees – SC
September 1, 2025
Income Tax, Supreme Court
Despite that assessee had formed various AOP syndicates for carrying out the business for a definite share of profit, the share of the assessee in the profit of these syndicates and also, the undisclosed income of the syndicates cannot be added to the income of the member assessee. …