Court Rules Firm Responsible for Taxes on Income Declared Under IDS 2016, Not Individual Partner's Responsibility.

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....Cash credit u/s 68 - assessee is a partner has declared income under IDS 2016 but the declaration failed as the taxes due on income declared was not paid by the firm - the income belonging to the firm whether disclosed or undisclosed can be taxed only in the hands of the firm and not in the hands of the partner. - AT....