Tax evasion, money laundering via shell companies set to get tougher

Using 'shell' companies to launder money or dodge tax will become tougher with a tribunal ruling last week shifting the 'burden of proof' from the income tax (I-T) department to the taxpayer dealing with such private entities which, though legal, simply serve as conduits for fund

source https://economictimes.indiatimes.com/industry/banking/finance/tax-evasion-money-laundering-via-shell-companies-set-to-get-tougher/articleshow/86572633.cms