https://www.taxtmi.com/caselaws?id=185577 The Tribunal held that there should be no addition in the firm's hands for partner capital contributions. The burden to explain the source of investment lies with the partners individually. The Assessing Officer was deemed incorrect in adding the amount to the firm's income and should have taken action against the individual partners. The appeal by the Revenue was dismissed, and the decision was pronounced on 25.05.2010. en-us Tue, 25 May 2010 00:00:00 +0530 Sat, 20 Aug 2016 10:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185577 The Tribunal held that there should be no addition in the firm's hands for partner capital contributions. The burden to explain the source of investment lies with the partners individually. The Assessing Officer was deemed incorrect in adding the amount to the firm's income and should have taken action against the individual partners. The appeal by the Revenue was dismissed, and the decision was pronounced on 25.05.2010. Case-Laws Income Tax Tue, 25 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185577