https://www.taxtmi.com/highlights?id=75285 Addition u/s 68 - unexplained cash credit - capital contribution in cash by the partners - While deleting the additions, the Tribunal held that, if the Ld. AO was not convinced with the source of amounts deposited by the partners, then such addition could have been made in the hands of such partners by invoking the relevant provisions of law but no addition was called for in the case of assessee firm, who have discharged its primary onus u/s 68 by providing the details of the partners from whom such funds were received. en-us Thu, 29 Feb 2024 07:55:30 +0530 Thu, 29 Feb 2024 07:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75285 Addition u/s 68 - unexplained cash credit - capital contribution in cash by the partners - While deleting the additions, the Tribunal held that, if the Ld. AO was not convinced with the source of amounts deposited by the partners, then such addition could have been made in the hands of such partners by invoking the relevant provisions of law but no addition was called for in the case of assessee firm, who have discharged its primary onus u/s 68 by providing the details of the partners from whom such funds were received. Highlights Income Tax Thu, 29 Feb 2024 07:55:30 +0530 https://www.taxtmi.com/highlights?id=75285