https://www.taxtmi.com/caselaws?id=779726 Capital introduced by newly admitted partners in an LLP cannot, by that fact alone, be assessed in the LLP's hands as unexplained investment under section 69. Where the addition is based only on the partners' capital contribution, the entity is not automatically liable to tax the amount as unexplained in its own hands. The addition was therefore not sustainable in the assessee-LLP's hands, and the deletion by the first appellate authority was upheld. en-us Wed, 22 Jan 2025 00:00:00 +0530 Sat, 11 Oct 2025 09:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779726 Capital introduced by newly admitted partners in an LLP cannot, by that fact alone, be assessed in the LLP's hands as unexplained investment under section 69. Where the addition is based only on the partners' capital contribution, the entity is not automatically liable to tax the amount as unexplained in its own hands. The addition was therefore not sustainable in the assessee-LLP's hands, and the deletion by the first appellate authority was upheld. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779726