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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


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<h1>Partnership Income: Excess Additions Removed</h1> The additions made under other sources were deleted as the alleged investments were part of the firm's income and distributed to the partners. The appeals ... - The assessee objected to additions made under other sources based on investments not properly explained. The firm made a voluntary disclosure under the Voluntary Disclosure Act. The appeals were taken to the AAC and confirmed. The alleged investments were part of the firm's income and were distributed to the partners. The additions for both assessment years were deleted, and both appeals were allowed.