Saturday, August 9, 2014

[aaykarbhavan] Addition affirmed as assessee-firm had diverted its funds to partners for bringing it back as capital into the firm




Addition affirmed as assessee-firm had diverted its funds to partners for bringing it back as capital into the firm

August 9, 2014[2014] 47 taxmann.com 185 (Punjab & Haryana)
IT: Where money introduced in names of partners was infact earned by firm from its business of cold storage, same was to be treated as unaccounted income of firm
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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