https://www.taxtmi.com/caselaws?id=347075 The Tribunal allowed the assessee's appeal, stating that the firm was not required to prove the source of the source of capital introduced by the partners. The Tribunal directed the matter to be verified by the CIT(A) to confirm if the capital contribution was from the partners' bank accounts. If verified, the addition would be deleted; otherwise, the CIT(A) would decide accordingly. The appeal was allowed for statistical purposes, with the order pronounced on 23rd August 2017. en-us Wed, 23 Aug 2017 00:00:00 +0530 Mon, 28 Aug 2017 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347075 The Tribunal allowed the assessee's appeal, stating that the firm was not required to prove the source of the source of capital introduced by the partners. The Tribunal directed the matter to be verified by the CIT(A) to confirm if the capital contribution was from the partners' bank accounts. If verified, the addition would be deleted; otherwise, the CIT(A) would decide accordingly. The appeal was allowed for statistical purposes, with the order pronounced on 23rd August 2017. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347075