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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Unexplained capital introduced by the partners - the addition ...


Unexplained Partner Capital Not Added to Firm's Taxable Income; Tax to Be Added to Individual Partners' Accounts Instead.

June 1, 2017

Case Laws     Income Tax     AT

Unexplained capital introduced by the partners - the addition cannot be made in the hands of the firm and if anything remains unexplained the addition can only be made in the hands of the partners - AT

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