https://www.taxtmi.com/caselaws?id=3689 The Court upheld the Tribunal's decision regarding the addition of unexplained credits in the capital accounts of partners, stating that the assessee had successfully proven the genuineness of the credits. The Court rejected the Revenue's argument that the evidence provided was insufficient and affirmed that the Tribunal's findings were factual. Consequently, the Revenue's application under Section 256(1) of the Income Tax Act was dismissed as the Court found no question of law arising from the Tribunal's decision. en-us Tue, 28 Feb 2006 00:00:00 +0530 Sun, 27 Jul 2008 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3689 The Court upheld the Tribunal's decision regarding the addition of unexplained credits in the capital accounts of partners, stating that the assessee had successfully proven the genuineness of the credits. The Court rejected the Revenue's argument that the evidence provided was insufficient and affirmed that the Tribunal's findings were factual. Consequently, the Revenue's application under Section 256(1) of the Income Tax Act was dismissed as the Court found no question of law arising from the Tribunal's decision. Case-Laws Income Tax Tue, 28 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3689