Capital Contributed by the Partner does not amount to loan or deposit u/s 269SS

Capital contributed by the partner in the partnership firm does not meant for loan or deposit within the meaning of section 269SS of the Income Tax Act. IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : KOLKATA [Before Hon’ble Shri A.T.Varkey, JM & Shri M.Balaganesh, AM ] I.T.A No.162 /Kol/2017 Assessment Year : 2009-10 I.T.O.,…