https://www.taxtmi.com/caselaws?id=380710 The Tribunal allowed the Revenue's appeals for statistical purposes and remanded the matter to the Assessing Officer. The Assessing Officer was directed to consider the additional income computed by the Income Tax Settlement Commission (ITSC) and investigate any duplication in the source of investments by the partners in other group companies. The Tribunal ordered that appropriate credits be given in the partners' accounts for the capital introduced in the firm, emphasizing the need for a fresh examination of the availability of funds with the partners for investments in the assessee-firm. en-us Mon, 01 Apr 2019 00:00:00 +0530 Sat, 25 May 2019 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380710 The Tribunal allowed the Revenue's appeals for statistical purposes and remanded the matter to the Assessing Officer. The Assessing Officer was directed to consider the additional income computed by the Income Tax Settlement Commission (ITSC) and investigate any duplication in the source of investments by the partners in other group companies. The Tribunal ordered that appropriate credits be given in the partners' accounts for the capital introduced in the firm, emphasizing the need for a fresh examination of the availability of funds with the partners for investments in the assessee-firm. Case-Laws Income Tax Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380710