https://www.taxtmi.com/highlights?id=73348 Addition u/s 68 - capital introduced by the partners - disallowed the interest paid to the partners - if at all, if the respondent-Department was not satisfied with the explanation, it was for them to have got it verified from the partners. Rather than still pursuing the matter before the appellant’s partnership firm, which is otherwise impermissible. - Order of ITAT against the assessee quashed - HC en-us Fri, 01 Dec 2023 11:15:22 +0530 Fri, 01 Dec 2023 11:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73348 Addition u/s 68 - capital introduced by the partners - disallowed the interest paid to the partners - if at all, if the respondent-Department was not satisfied with the explanation, it was for them to have got it verified from the partners. Rather than still pursuing the matter before the appellant’s partnership firm, which is otherwise impermissible. - Order of ITAT against the assessee quashed - HC Highlights Income Tax Fri, 01 Dec 2023 11:15:22 +0530 https://www.taxtmi.com/highlights?id=73348