Dismissing the appeal of the revenue the Court held that ; Capital introduced by the partner was duly reflected in in the books of account maintained by him , addition cannot be made in the assessment of the firm . (AY.2010-11)
PCIT v. Vaishnodevi Refoils & Solvex (2018) 253 Taxman 135 (Guj) (HC)
S.68: Cash credits- Firm -Partner- Capital introduced by the partner was duly reflected in in the books of account maintained by him , addition cannot be made in the assessment of the firm .