https://www.taxtmi.com/caselaws?id=180440 The Tribunal allowed the assessee's appeal regarding the share capital introduced by the partner, directing the deletion of the addition under section 68 of the IT Act. The Tribunal dismissed the Revenue's appeal concerning the deduction under section 80IB, upholding the allowance of the deduction as business income. The decision emphasized that unexplained amounts should be attributed to the partners, not the firm, when partners admit to contributing capital. The Tribunal's order was pronounced on 21.1.11. en-us Thu, 20 Jan 2011 00:00:00 +0530 Fri, 25 Mar 2016 10:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180440 The Tribunal allowed the assessee's appeal regarding the share capital introduced by the partner, directing the deletion of the addition under section 68 of the IT Act. The Tribunal dismissed the Revenue's appeal concerning the deduction under section 80IB, upholding the allowance of the deduction as business income. The decision emphasized that unexplained amounts should be attributed to the partners, not the firm, when partners admit to contributing capital. The Tribunal's order was pronounced on 21.1.11. Case-Laws Income Tax Thu, 20 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180440