https://www.taxtmi.com/caselaws?id=216888 The Tribunal upheld the CIT (A)'s decisions in the case, dismissing the Revenue's appeal and the assessee's cross-objection. The firm successfully demonstrated the legitimacy of capital introduced by partners, booking deposits, non-agricultural expenses, and Puran expenses. Any unexplained elements were deemed taxable in the hands of the relevant partners or depositors, not the firm. The Tribunal affirmed that the firm fulfilled its obligations, leading to the dismissal of the appeal and cross-objection. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 17 Sep 2012 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216888 The Tribunal upheld the CIT (A)'s decisions in the case, dismissing the Revenue's appeal and the assessee's cross-objection. The firm successfully demonstrated the legitimacy of capital introduced by partners, booking deposits, non-agricultural expenses, and Puran expenses. Any unexplained elements were deemed taxable in the hands of the relevant partners or depositors, not the firm. The Tribunal affirmed that the firm fulfilled its obligations, leading to the dismissal of the appeal and cross-objection. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216888