ITO, WARD, PHALODI, PHALODI vs. M/S RAMA ALLURE LLP, JODHPUR

In the result, appeal of the revenue is dismissed

Bench: The Date, The Appeal Is Finally Heard.”

253 Taxman 135 (Guj) Income—Cash credit—Discharge of burden by assessee—Assessee firm having explained the cash credit to be capital contributed by its partner and the partner concerned having confirmed the same onus cost upon assessee under s. 68 stood duly discharged and Tribunal was justified deleting addition made in the hands of assessee firm

MR. NEERAJ PALIWAL,RAJSAMAND vs. ITO, WARD-2, RAJSAMAND

In the result, all these appeals of the assessee are allowed