https://www.taxtmi.com/caselaws?id=11120 The High Court of Patna dismissed the appeal as the Tribunal found that section 68 of the Income-tax Act was not attracted. The credit in the books of account was due to the introduction of capital by partners, and the firm failed to prove the amount credited. The unexplained investment would be assessed in the hands of the partners. en-us Wed, 10 Sep 2003 00:00:00 +0530 Fri, 31 Jul 2009 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11120 The High Court of Patna dismissed the appeal as the Tribunal found that section 68 of the Income-tax Act was not attracted. The credit in the books of account was due to the introduction of capital by partners, and the firm failed to prove the amount credited. The unexplained investment would be assessed in the hands of the partners. Case-Laws Income Tax Wed, 10 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11120