partner capital account

  • Income Tax

Capital introduced by partner can not be taxed in firms hand as undisclosed income

Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the…

5 years ago
  • Income Tax

Partners capital not loan or deposit within the meaning of section 269SS – ITAT confirms deletion of penalty u/s 271D

Partners capital not loan or deposit within the meaning of section 269SS – ITAT confirms deletion of penalty u/s 271D…

6 years ago
  • Income Tax

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…

7 years ago