Failure to Furnish Supporting Evidence against addition under Income Tax Act: Kerala HC upholds addition to Capital Account of Partner [Read Order]

Failure to Furnish Supporting Evidence - Income Tax Act-Kerala HC - Capital Account of Partner-TAXSCAN

The Kerala High Court upheld the addition to the capital account of the partner’s failure to furnish supporting evidence against the addition under the Income Tax Act, 1961. M/S Sunny Silks, the petitioner had approached the Court impugning the assessment order, against which the petitioner had preferred an appeal before the Commissioner of Income Tax…

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