https://www.taxtmi.com/caselaws?id=468982 Capital introduction in a firm was accepted as explained where the assessee showed regular tax assessment, salary and interest income from the firm, ownership of agricultural land, and family circumstances supporting financial capacity. On these facts, the explanation that the credited amount represented past savings was found credible, so the remaining addition of Rs. 3,00,000 was directed to be deleted. en-us Wed, 05 Feb 2025 00:00:00 +0530 Wed, 27 May 2026 20:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468982 Capital introduction in a firm was accepted as explained where the assessee showed regular tax assessment, salary and interest income from the firm, ownership of agricultural land, and family circumstances supporting financial capacity. On these facts, the explanation that the credited amount represented past savings was found credible, so the remaining addition of Rs. 3,00,000 was directed to be deleted. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468982