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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Addition on account of capital introduction by one of the ...


Court Rules Section 68 Doesn't Apply to Partner's Capital in Partnership Firm; Partner Must Explain Capital Source.

January 18, 2018

Case Laws     Income Tax     HC

Addition on account of capital introduction by one of the partner of the firm u/s 68 - no addition can be made with regard to the partner’s capital introduction in the hands of the partnership firm - HC

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