The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in ITO v. Bajaj Roadways, held that a Firm cannot be assessable to unexplained cash credits under Section 68 of the Income Tax Act in respect of the amount of capital introduced by the partners to the Firm. In the instant case, the […]
The post Only Partners, Not a Firm Assessable to Unexplained Cash Credits for Capital Introduced by Partner: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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