https://www.taxtmi.com/caselaws?id=219001 The Tribunal allowed the appeal, directing the AO to allow the deduction under Section 10AA of the IT Act and deleting the addition of Rs. 2,90,000 on account of capital introduction by the partners as unexplained cash credit. The Tribunal found that the objections raised by the AO regarding the disallowance of the deduction were not valid, noting that the same claim was allowed in the subsequent year. Additionally, the Tribunal held that the capital introduction by partners was covered by a judgment, leading to the deletion of the addition. en-us Fri, 20 Jul 2012 00:00:00 +0530 Tue, 18 Sep 2012 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219001 The Tribunal allowed the appeal, directing the AO to allow the deduction under Section 10AA of the IT Act and deleting the addition of Rs. 2,90,000 on account of capital introduction by the partners as unexplained cash credit. The Tribunal found that the objections raised by the AO regarding the disallowance of the deduction were not valid, noting that the same claim was allowed in the subsequent year. Additionally, the Tribunal held that the capital introduction by partners was covered by a judgment, leading to the deletion of the addition. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219001