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2017 (2) TMI 1307 - AT - Income TaxAddition on account of capital introduced by the partner u/s. 68 - Held that:- The assessee had discharged the primary onus which was on it by offering explanation, which has not been found to be incorrect or false in any manner. The interest of the revenue is also safeguarded as the Income Tax Officer has been given the liberty to consider the said-credits in the hands of the partners if he is not satisfied with the sources of investment of cash credits in the accounts of the partners. See Pankaj Dyestuff Industries [2005 (7) TMI 601 - GUJARAT HIGH COURT] - Decided in favour of assessee
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