2018 (5) TMI 1075

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.... The appeal is filed by the assessee against the order of ld. CIT(A)-22, Alwar, dated 09.10.2017 for the A.Y. 2014-15 wherein the assessee has taken the following grounds of appeal:- "1. That having regard to the facts and circumstances of the case, the Ld. CIT(A) erred in law and on facts by confirming addition of Rs. 3,90,137/- in total income of the appellate firm as made by Ld. AO u/....

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....0,137/- which has been sustained by the Ld. CIT(A) u/s 68 of the Act. Briefly the facts of the case are that, during the year under consideration, four partners of the assessee firm have contributed Rs. 12 lakhs each as partner's capital in the firm. The partners claimed to have agricultural land in their individual names and have claimed that the source of partner's capital is from the sale of ag....

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....rs have failed to declare such agricultural receipts in their return of income, then they should be held responsible for the omission and necessary action may be initiated against them by the Revenue. However, as far as the firm is concerned, it is a separate legal entity and the firm has discharged its onus by providing all the necessary details with regard to capital received during the year und....

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....ore do not see any infirmity in the said order of the Ld. CIT(A) and the addition so made by the AO is hereby confirmed. In the result, Ground nos. 1 & 2 of the assessee's appeal are dismissed. 4. In ground no. 3, the assessee has challenged the action of the Ld. CIT(A) in sustaining the disallowance of Rs. 12,330/- out of Rs. 40,660/- made by the AO on account of various expenses. The Ld. CIT(....