https://www.taxtmi.com/highlights?id=53332 Addition u/s 69 - deposit made into the partnership firm by partners - Capital contribution by the partners cannot be treated as income of the assessee and if the partners are not able to explain the sources for their investment, the AO can only make the addition in the hands of the partners and not in the hands of the assessee firm. en-us Fri, 08 May 2020 11:33:36 +0530 Fri, 08 May 2020 11:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53332 Addition u/s 69 - deposit made into the partnership firm by partners - Capital contribution by the partners cannot be treated as income of the assessee and if the partners are not able to explain the sources for their investment, the AO can only make the addition in the hands of the partners and not in the hands of the assessee firm. Highlights Income Tax Fri, 08 May 2020 11:33:36 +0530 https://www.taxtmi.com/highlights?id=53332