https://www.taxtmi.com/caselaws?id=796164 For capital introduced by a partner, the firm established the contributor's identity, capacity and the genuineness of the remittances through recorded direct transfers, payments to land vendors, a registered sale deed and assessment of the sale consideration as capital gains in the partner's own case. The capital computation also required exclusion of opening capital, credited profit and remuneration. Where the partner admits and substantiates the contribution, a separate question concerning the partner's source does not, on the established facts, justify treating the amount as unexplained cash credit in the firm's hands. en-us Wed, 03 Jun 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796164 For capital introduced by a partner, the firm established the contributor's identity, capacity and the genuineness of the remittances through recorded direct transfers, payments to land vendors, a registered sale deed and assessment of the sale consideration as capital gains in the partner's own case. The capital computation also required exclusion of opening capital, credited profit and remuneration. Where the partner admits and substantiates the contribution, a separate question concerning the partner's source does not, on the established facts, justify treating the amount as unexplained cash credit in the firm's hands. Case-Laws Income Tax Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796164