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2018 (1) TMI 1732 - AT - Income TaxAddition u/s 68 - unexplained cash credits - capital introduction by assessee’s partner - addition made in partner’s hands v/s firm’s case - HELD THAT:- We find no merit in Revenue’s instant argument since hon’ble jurisdictional high court’s judgment in M/s. Odedara Construction [2014 (2) TMI 130 - GUJARAT HIGH COURT] as relied upon by the CIT(A) settles the law that such an addition is to be made in partner’s hands instead of that in a firm’s case. CIT(A) has already issued necessary directions to this effect to the Assessing Officer. We therefore see no reason to accept Revenue’s instant sole substantive grievance.
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