{"id":10958,"date":"2020-04-02T06:42:46","date_gmt":"2020-04-02T06:42:46","guid":{"rendered":"http:\/\/itatonline.org\/digest\/badrinath-steels-p-ltd-v-ito-2020-77-itr-465-sn-hyd-trib\/"},"modified":"2020-04-02T06:42:46","modified_gmt":"2020-04-02T06:42:46","slug":"badrinath-steels-p-ltd-v-ito-2020-77-itr-465-sn-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/badrinath-steels-p-ltd-v-ito-2020-77-itr-465-sn-hyd-trib\/","title":{"rendered":"Badrinath Steels P. Ltd. v. ITO (2020) 77 ITR 465 (SN) (Hyd.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that, mere bank transactions coupled with existence of well structured documents was not adequate when there were cash deposits in the bank account a few days before the date of issue of the cheque to the assessee. Therefore, there was a failure on the part of the assessee to demonstrate the genuineness of the transaction and creditworthiness of the subscribers to the share capital. accordingly the addition is held to be justified. (AY.2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits\u2013Share application money-Cash was deposited before issue of cheque-Genuineness of transaction is not established \u2013Addition is held to be justified. <\/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-10958","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2QK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10958","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=10958"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10958\/revisions"}],"predecessor-version":[{"id":10959,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10958\/revisions\/10959"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}