No sec. 68 additions as amount introduced as capital by partner was duly reflected in his books of account

Where AO made addition to assessee-firm's income under sec. 68 in respect capital introduced by one partner of firm, in view of fact that amount received by assessee-firm had been duly reflected in books of account maintained by concerned partner and he had also confirmed such contribution, impugned addition was to be set aside

Refer:[2018] 89 taxmann.com 80 (Gujarat)