{"id":10505,"date":"2020-03-21T03:25:28","date_gmt":"2020-03-21T03:25:28","guid":{"rendered":"http:\/\/itatonline.org\/digest\/neha-chowdhary-v-ito-smc-koltrib-www-itatonline-org\/"},"modified":"2020-03-21T03:25:28","modified_gmt":"2020-03-21T03:25:28","slug":"neha-chowdhary-v-ito-smc-koltrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/neha-chowdhary-v-ito-smc-koltrib-www-itatonline-org\/","title":{"rendered":"Neha Chowdhary v. ITO (SMC) (Kol)(Trib), www.itatonline.org"},"content":{"rendered":"<p>The assessee is a salaried person who was sold her stock holding in shares in the relevant two previous years. .AO\u00a0 treated as unexplained income since assessee could not prove source thereof during the course of scrutiny as well as in the lower appellate proceedings. Tribunal held that\u00a0 the fact remains that her detailed explanation tendered in the course of assessment\u00a0 does not sufficiently discharge\u00a0 her onus on proving the source of impugned deposits.\u00a0 Accordingly\u00a0 considering peculiar facts and circumstances that the addition(s) of \u20b917,88,666\/- and \u20b916,53,772\/- are restricted to that @ 30% only with a rider that same shall not be treated as a precedent in any other assessment year. The assessee gets part relief accordingly. ( ITA No.1790-1791\/Kol\/2019, dt.\u00a0 14.02.2020) (AY. 2014 -15 ,\u00a0 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69: Undisclosed investments &#8211; Bogus capital gains &#8211; Penny stocks- Explanation is not sufficient to discharge the liability &#8211;  Addition is restricted to 30%  with  a rider that same shall not be treated as a precedent in any other assessment year. [ S.10 (38), 45, 68 143(3)   ]   <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10505","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Jr","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=10505"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10505\/revisions"}],"predecessor-version":[{"id":10506,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10505\/revisions\/10506"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}