https://www.taxtmi.com/caselaws?id=65349 The tribunal ruled in favor of the assessee regarding the addition of undisclosed income as capital introduced by a partner, emphasizing that the firm demonstrated the source of the credited amount, even without producing the partner, and set aside the addition. On the issue of the levy of interest under sections 234A and 234B of the IT Act, the tribunal held in favor of the assessee, noting that the assessment order lacked any direction for charging interest under those sections, thereby allowing the appeal of the assessee. en-us Fri, 12 Dec 2003 00:00:00 +0530 Fri, 15 Jun 2012 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65349 The tribunal ruled in favor of the assessee regarding the addition of undisclosed income as capital introduced by a partner, emphasizing that the firm demonstrated the source of the credited amount, even without producing the partner, and set aside the addition. On the issue of the levy of interest under sections 234A and 234B of the IT Act, the tribunal held in favor of the assessee, noting that the assessment order lacked any direction for charging interest under those sections, thereby allowing the appeal of the assessee. Case-Laws Income Tax Fri, 12 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65349