https://www.taxtmi.com/caselaws?id=394108 The Tribunal held that the addition of capital contributions in the hands of the partnership firm was unjustified. The firm adequately explained the entries, and based on legal precedents, the responsibility for tax implications shifted to the individual partner who explained the investments. The appeal of the Assessee was allowed, and the addition in the firm's hands was deleted. en-us Tue, 07 Jan 2020 00:00:00 +0530 Wed, 01 Apr 2020 15:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394108 The Tribunal held that the addition of capital contributions in the hands of the partnership firm was unjustified. The firm adequately explained the entries, and based on legal precedents, the responsibility for tax implications shifted to the individual partner who explained the investments. The appeal of the Assessee was allowed, and the addition in the firm's hands was deleted. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394108