https://www.taxtmi.com/caselaws?id=210110 The Tribunal held that the Assessing Officer has the authority to examine the genuineness of a partnership firm under section 184 of the Income-tax Act, 1961. The Tribunal emphasized that the AO inherently possesses the power to assess the genuineness of any taxable entity, including a partnership firm. Regarding the evidence on the firm's genuineness, the Tribunal found that the AO may not have adequately considered all evidence and remanded the matter for a fresh decision, ensuring a thorough examination of the evidence. The Tribunal allowed the appeal in part, directing the AO to re-examine the genuineness of the firm. en-us Wed, 20 Apr 2011 00:00:00 +0530 Thu, 29 Nov 2012 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210110 The Tribunal held that the Assessing Officer has the authority to examine the genuineness of a partnership firm under section 184 of the Income-tax Act, 1961. The Tribunal emphasized that the AO inherently possesses the power to assess the genuineness of any taxable entity, including a partnership firm. Regarding the evidence on the firm's genuineness, the Tribunal found that the AO may not have adequately considered all evidence and remanded the matter for a fresh decision, ensuring a thorough examination of the evidence. The Tribunal allowed the appeal in part, directing the AO to re-examine the genuineness of the firm. Case-Laws Income Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210110