Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]

Cash Deposit - Firm - Personal Income - Partner - ITAT - Taxscan

The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) has held that the cash deposit of the Firm cannot be added to the personal income of the Partner without investigating the same from the hands of the Firm. The grievance of the assessee, Sh. Srijal Gupta was that the ld. AO added back the…

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