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Income Tax | Partner’s Share of Firm Profit Cannot Be Taxed Again: ITAT Mumbai Deletes Addition

12 Oct 2026 · 1d agoBy CA Sandeep KanoiSource: TaxGuru

ITAT Mumbai quashes DCIT assessment for lack of jurisdiction and deletes Section 68 addition, holding firm's income cannot be taxed again in partner's hands. The post Partner’s Share of Firm Profit Cannot Be Taxed Again: ITAT Mumbai Deletes Addition appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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