https://www.taxtmi.com/caselaws?id=367359 The High Court upheld the decisions of the lower authorities to delete the addition of Rs. 4,72,31,590 due to the lack of material evidence and the nature of the transaction being between the partners of the assessed firm in their individual capacity. The judgment emphasized the importance of considering the specific circumstances of a transaction and individual capacities while making such additions, leading to the dismissal of the appeal. en-us Tue, 24 Jul 2018 00:00:00 +0530 Wed, 19 Sep 2018 07:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367359 The High Court upheld the decisions of the lower authorities to delete the addition of Rs. 4,72,31,590 due to the lack of material evidence and the nature of the transaction being between the partners of the assessed firm in their individual capacity. The judgment emphasized the importance of considering the specific circumstances of a transaction and individual capacities while making such additions, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367359