https://www.taxtmi.com/caselaws?id=55885 The Appellate Tribunal ITAT Ahmedabad-B addressed the issue of partition recognition under section 171(9) of the Income Tax Act, focusing on the connection between income earned by partnership firms and capital contribution from Hindu Undivided Families (HUFs). The Tribunal emphasized the need for a direct link between capital contribution and income generation, ultimately limiting the addition of income to bank interest and principal amount in the hands of the assessee-HUF, rejecting further additions. en-us Mon, 24 Feb 1986 00:00:00 +0530 Tue, 30 Nov 2010 15:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55885 The Appellate Tribunal ITAT Ahmedabad-B addressed the issue of partition recognition under section 171(9) of the Income Tax Act, focusing on the connection between income earned by partnership firms and capital contribution from Hindu Undivided Families (HUFs). The Tribunal emphasized the need for a direct link between capital contribution and income generation, ultimately limiting the addition of income to bank interest and principal amount in the hands of the assessee-HUF, rejecting further additions. Case-Laws Income Tax Mon, 24 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55885