No addition in the hand of Firm for capital introduced by the partner

ITO Vs. M/s. Shree Kastbhanjan Dev Developers (ITAT Ahmedabad) It is seen that the partner namely Mr Ashwin Patel had paid the loan taken by the appellant from HUDCO from his own bank account. The copy of such bank account statement had been submitted before the AO. The AO asked the appellant to explain the sources of deposits made in this bank account which the appellant failed to do. As a matter of fact, no details were submitted before the AO regarding the sources of such deposits. But the fact remains that the account belongs to the partner and the partner had also appeared before the AO d...