https://www.taxtmi.com/caselaws?id=56544 Unexplained capital contribution credited in a firm's books was treated as a partner's contribution rather than income assessable under section 68, because the Tribunal found the creditor's identity and the genuineness of the transaction established. On those factual findings, the issue was one of appreciation of evidence and not a debatable legal question. The Tribunal also held that the credit was assessable in the hands of the individual partner and not the firm, so no referable question of law survived for reference under section 256(1). en-us Fri, 21 Sep 1990 00:00:00 +0530 Sat, 04 Dec 2010 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56544 Unexplained capital contribution credited in a firm's books was treated as a partner's contribution rather than income assessable under section 68, because the Tribunal found the creditor's identity and the genuineness of the transaction established. On those factual findings, the issue was one of appreciation of evidence and not a debatable legal question. The Tribunal also held that the credit was assessable in the hands of the individual partner and not the firm, so no referable question of law survived for reference under section 256(1). Case-Laws Income Tax Fri, 21 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56544