https://www.taxtmi.com/caselaws?id=799503 Partners' admitted capital contributions, where the contributors are identified, explain the nature and source of credits in a partnership firm's books for Section 68 purposes. Questions concerning a partner's creditworthiness or the source of contributed funds must be examined in that partner's individual assessment, rather than through an unexplained-cash-credit addition to the firm. Accordingly, an addition based solely on doubts about partners' sources is not sustainable against the firm, while assessment of those sources remains open in the partners' individual cases. A short delay attributable to serious illness may be condoned where sufficient cause exists and substantial justice favours merits adjudication. en-us Thu, 06 Aug 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799503 Partners' admitted capital contributions, where the contributors are identified, explain the nature and source of credits in a partnership firm's books for Section 68 purposes. Questions concerning a partner's creditworthiness or the source of contributed funds must be examined in that partner's individual assessment, rather than through an unexplained-cash-credit addition to the firm. Accordingly, an addition based solely on doubts about partners' sources is not sustainable against the firm, while assessment of those sources remains open in the partners' individual cases. A short delay attributable to serious illness may be condoned where sufficient cause exists and substantial justice favours merits adjudication. Case-Laws Income Tax Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799503