https://www.taxtmi.com/caselaws?id=281557 The appeal was allowed for statistical purposes. The addition of capital introduced by a partner of the firm was set aside, as the Tribunal held that such additions should be made in the hands of the partners, not the firm. Regarding the addition of unexplained loans received by the assessee, the issue was sent back to the Assessing Officer for further investigation after the assessee failed to provide sufficient evidence of the creditors' creditworthiness and transaction genuineness. en-us Fri, 29 Mar 2019 00:00:00 +0530 Mon, 24 Jun 2019 20:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281557 The appeal was allowed for statistical purposes. The addition of capital introduced by a partner of the firm was set aside, as the Tribunal held that such additions should be made in the hands of the partners, not the firm. Regarding the addition of unexplained loans received by the assessee, the issue was sent back to the Assessing Officer for further investigation after the assessee failed to provide sufficient evidence of the creditors' creditworthiness and transaction genuineness. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281557