Please advice

the requirement is to quote any section or case law where the same is permissible...

no violation under the income tax act.

wru from ???

chennai..... the requirement is quote any case law or section no where the same is permitted ot not dissallowable...

good try friend.... but the practice is not as simple as common sense.. the capital is brought in as CASH.. and not routed through bank.. so it is getting added to income... and now this needs to be justifeid...

If the amount of the CASH brought for SHARE in PARTNERSHIP is Substantial or Greater in SIZE than the SOURCE of the same has to be Disclosed if the same is ASKED for & if it is Unaccounted CASH the same may be ADDED TO the Income by the Assessing Officer.

Regards

Mitul Shah