{"id":1107,"date":"2018-05-31T13:12:40","date_gmt":"2018-05-31T13:12:40","guid":{"rendered":"http:\/\/itatonline.org\/digest\/konark-structural-engineering-p-ltd-v-dy-cit-2018-254-taxman-184-bom-hc\/"},"modified":"2018-10-14T13:24:48","modified_gmt":"2018-10-14T13:24:48","slug":"konark-structural-engineering-p-ltd-v-dy-cit-2018-254-taxman-184-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/konark-structural-engineering-p-ltd-v-dy-cit-2018-254-taxman-184-bom-hc\/","title":{"rendered":"Konark Structural Engineering (P.) Ltd. v. Dy. CIT (2018) 254 Taxman 184 (Bom.)(HC)Editorial: SLP of assessee is dismissed, Konark Structural Engineering (P. ) Ltd. v. Dy. CIT (2018) 257 Taxman 262 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the assessee the Court held that\u00a0the assessee failed to prove identity and creditworthiness of share holders. Summons\u00a0 served were retuned back with remark the\u00a0 addressees were not available . It was also found that shareholders were first time assessees and were not earning enough income to make deposits in question .\u00a0 Accordingly the addition was confirmed .(AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits &#8211;  Share capital- Builder and developer-  Failed to prove identity and creditworthiness of shareholders- Summons  served were retuned back with remark the  addressees were not available \u2013 Addition was held to be justified .[ S.131 ]<\/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-1107","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-hR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1107","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=1107"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1107\/revisions"}],"predecessor-version":[{"id":2496,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1107\/revisions\/2496"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}