https://www.taxtmi.com/caselaws?id=777497 ITAT, Surat (AT) held that where a firm's books reflect receipt of capital and partners confirm capital introduction, additions under s.68 cannot be made against the firm; if the assessing officer doubts a partner's creditworthiness, inquiries must target the partner, not the firm. Consequently, the AO's addition treating the partners' investment in land as unexplained was disallowed, the CIT(A)'s order was set aside, and the appeal grounds were allowed. en-us Wed, 27 Aug 2025 00:00:00 +0530 Sat, 30 Aug 2025 08:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777497 ITAT, Surat (AT) held that where a firm's books reflect receipt of capital and partners confirm capital introduction, additions under s.68 cannot be made against the firm; if the assessing officer doubts a partner's creditworthiness, inquiries must target the partner, not the firm. Consequently, the AO's addition treating the partners' investment in land as unexplained was disallowed, the CIT(A)'s order was set aside, and the appeal grounds were allowed. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777497