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2015 (12) TMI 456 - AT - Income TaxUnaccounted funds - addition made in the hands of the partnership firm - CIT(A) directed AO to delete the protective addition made on the basis of entries found in the loose papers - Held that:- The addition have been made on protective basis to safeguard the interest of the Revenue. The Ld. CIT(A) found that the additions cannot be made in the hands of the partnership firm and therefore the additions were deleted. We do not find any reason to interfere with the findings of the Ld. CIT(A). The appeal filed by the Revenue is accordingly dismissed. - Decided in favour of assessee.
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