https://www.taxtmi.com/caselaws?id=214036 The ITAT upheld the CIT(A)'s decision to delete the addition under section 14A, emphasizing the direct connection between the loan received and the capital contribution to the partnership firm. The ITAT agreed that the partnership deed did not require capital contribution for profit sharing, leading to the dismissal of the department's appeal. en-us Wed, 13 Jun 2012 00:00:00 +0530 Fri, 15 Jun 2012 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214036 The ITAT upheld the CIT(A)'s decision to delete the addition under section 14A, emphasizing the direct connection between the loan received and the capital contribution to the partnership firm. The ITAT agreed that the partnership deed did not require capital contribution for profit sharing, leading to the dismissal of the department's appeal. Case-Laws Income Tax Wed, 13 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214036