https://www.taxtmi.com/caselaws?id=354125 HC held that when a firm supplies details of capital introduced and the contributing partner confirms the contribution, the firm has discharged its onus under section 68 and no addition can be made against the firm. If the Assessing Officer doubts the contributing partner's creditworthiness, further inquiry must be directed at the partner, not the firm. Applying controlling precedent, the HC dismissed the Revenue's appeal and allowed the firm's position, deciding in favour of the assessee. en-us Tue, 28 Nov 2017 00:00:00 +0530 Thu, 28 Aug 2025 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354125 HC held that when a firm supplies details of capital introduced and the contributing partner confirms the contribution, the firm has discharged its onus under section 68 and no addition can be made against the firm. If the Assessing Officer doubts the contributing partner's creditworthiness, further inquiry must be directed at the partner, not the firm. Applying controlling precedent, the HC dismissed the Revenue's appeal and allowed the firm's position, deciding in favour of the assessee. Case-Laws Income Tax Tue, 28 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354125