https://www.taxtmi.com/caselaws?id=64206 The Appellate Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) for both assessment years, ruling in favor of the firm, M/s Space-onix. It determined that Smt. Meena Kanika, the partner in question, was not a benamidar of her husband and had validly contributed capital to the firm. The Tribunal found no grounds to interfere with the lower authorities' decisions, emphasizing that Smt. Meena Kanika was a genuine partner entitled to operate the firm's bank account independently. Consequently, the Revenue's appeals were dismissed. en-us Wed, 27 Apr 1988 00:00:00 +0530 Sat, 05 Feb 2011 14:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64206 The Appellate Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) for both assessment years, ruling in favor of the firm, M/s Space-onix. It determined that Smt. Meena Kanika, the partner in question, was not a benamidar of her husband and had validly contributed capital to the firm. The Tribunal found no grounds to interfere with the lower authorities' decisions, emphasizing that Smt. Meena Kanika was a genuine partner entitled to operate the firm's bank account independently. Consequently, the Revenue's appeals were dismissed. Case-Laws Income Tax Wed, 27 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64206