https://www.taxtmi.com/caselaws?id=408967 The Tribunal upheld the deletion of the addition of Rs. 4,01,00,000/- as undisclosed investment in land, ruling that the firm was not liable for transactions before its incorporation due to insufficient funds. Additionally, the Tribunal expunged the direction to assess income in the partners' hands as it was issued without providing them an opportunity to be heard. The Revenue's appeal was dismissed entirely. en-us Thu, 24 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 07:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408967 The Tribunal upheld the deletion of the addition of Rs. 4,01,00,000/- as undisclosed investment in land, ruling that the firm was not liable for transactions before its incorporation due to insufficient funds. Additionally, the Tribunal expunged the direction to assess income in the partners' hands as it was issued without providing them an opportunity to be heard. The Revenue's appeal was dismissed entirely. Case-Laws Income Tax Thu, 24 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408967