Unexplained cash credit u/s 68 - partnership firm is not liable ...

Partnership Firms Not Liable to Explain Partners' Fund Sources u/s 68; AO Must Investigate Partners Directly.

April 10, 2019

Case Laws Income Tax AT

Unexplained cash credit u/s 68 - partnership firm is not liable to justify the source of fund in the hands of the partner - if the AO is not convinced about the creditworthiness of the partner, the inquiry had to be made at the end of the partner and not against the firm

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Unexplained cash credit u/s 68 - partnership firm is not liable ...

Partnership Firms Not Liable to Explain Partners' Fund Sources u/s 68; AO Must Investigate Partners Directly.

April 10, 2019

Case Laws Income Tax AT

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