Income from a Partnership Firm having Separate Identity from Partner can’t be added together u/s 69A of Income Tax Act: ITAT deletes Addition [Read Order]

Income from a Partnership Firm having Separate Identity - Income from a Partnership Firm - Income - Partnership Firm - Income Tax Act - ITAT deletes Addition - ITAT - Taxscan

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income from the partnership firm having a separate identity from the partner cannot be added together under Section 69A of the Income Tax Act, 1961. The assessee is a partner in a partnership firm, Champahati C.S. Shop, which holds a liquor license…

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