Tag: partner capital account

Imprest account not necessarily part of partner capital account as held by ITAT was without properly analysing evidence-HC

Imprest account not necessarily part of partner capital account as held by ITAT was based merely on partner’s statement without properly analysing the evidence-High Court ABCAUS Case Law Citation: ABCAUS 1068 (2016) (11) HC Brief Facts of the Case: The responding assessee was a partnership fir. The return …