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![Onus lies on assessee to prove the Amount of consideration received from the Purchaser/Partnership Firm: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Madras-High-Court-taxscan.jpeg "Onus lies on assessee to prove the Amount of consideration received from the Purchaser/Partnership Firm: Madras HC [Read Judgment]")
Onus lies on assessee to prove the Amount of consideration received from the Purchaser/Partnership Firm: Madras HC [Read Judgment]
The Madras High Court held that the onus lies on the assessee to prove the amount of consideration received from the purchaser or partnership firm. ...
![LLP can Form a Partnership Firm with an Individual or Other Persons: Kerala High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/LLP-Partnership-Firm-Kerala-High-Court-Taxscan-1.jpg "LLP can Form a Partnership Firm with an Individual or Other Persons: Kerala High Court [Read Judgment]")
![Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Partnership-Firm.jpg "Interest on Funds borrowed for Investment as Capital in Partnership Firm is deductible Expenditure: ITAT [Read Order]")
![Assessee can’t be Taxed on Undisclosed Income which is already Taxed in the hands of Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Undisclosed-Income-Taxscan.jpg "Assessee can’t be Taxed on Undisclosed Income which is already Taxed in the hands of Partnership Firm: ITAT [Read Order]")
![Joint Appeal by Firm and Partner is Permissible: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/CESTAT-Taxscan.jpg "Joint Appeal by Firm and Partner is Permissible: CESTAT [Read Order]")
![LLPs must be treated as a Partnership Firm or Firm under GST: Govt [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/08/Limited-Liability-Partnership-LLP-Taxscan.jpg "LLPs must be treated as a Partnership Firm or Firm under GST: Govt [Read Notification]")