LLP Cleared of Section 68 Additions Due to Proven Partner Funds

CIT Vs Gurkirat BPO Services LLP (ITAT Delhi) Delhi ITAT Upholds Deletion of ₹13.16 Cr u/s 68: Capital & Loans from Partner / Relative Cannot Be Taxed in Firm’s Hands Partner’s Capital & Relative’s Loan: Add in Their Hands, Not LLP’s- Once Partner Owns Up, Firm Walks Free: Delhi ITAT Reiterates Metachem Rule-  Source of Source Explained—Section 68 Can’t Be Invoked in Firm’s Hands- Delhi ITAT ‘C’ Bench in ACIT Vs. Gurkirat BPO Services LLP [ITA No. 697/Del/2025, AY 2017-18, order dated 31.12.2025] dismissed Revenue’s appeal and upheld deletion of additions aggrega...