{"id":11359,"date":"2020-05-16T06:38:44","date_gmt":"2020-05-16T06:38:44","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-dhananjay-international-ltd-2020-114-taxmann-com-317-bom-hc-editorial-slp-granted-to-the-revenue-tagged-along-with-4090-of-2016-ca-no-7600-of-2019-16-09-20192019-418-itr-17s\/"},"modified":"2020-05-16T06:38:44","modified_gmt":"2020-05-16T06:38:44","slug":"pcit-v-dhananjay-international-ltd-2020-114-taxmann-com-317-bom-hc-editorial-slp-granted-to-the-revenue-tagged-along-with-4090-of-2016-ca-no-7600-of-2019-16-09-20192019-418-itr-17s","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-dhananjay-international-ltd-2020-114-taxmann-com-317-bom-hc-editorial-slp-granted-to-the-revenue-tagged-along-with-4090-of-2016-ca-no-7600-of-2019-16-09-20192019-418-itr-17s\/","title":{"rendered":"PCIT v. Dhananjay International Ltd (2020) 114 taxmann.com 317 (Bom.)(HC) Editorial: SLP granted to the revenue. ( tagged along with 4090 of 2016 ) (CA No. 7600 of 2019, 16\/09\/2019)(2019) 418 ITR 17(St.)(SC) \/(2020) 114 taxmann.com 351 (SC)"},"content":{"rendered":"<p>No incriminating material was found to support additions made by the AO u\/s. 68 on account of share application money in the assessments u\/s. 153C r\/w S. 143(3). Addition done by the AO is unsustainable in law.\u00a0 Followed CIT\u00a0v.\u00a0Continental Warehousing Corpn. (Nhava Sheva) Ltd ( 2015) 374 ITR 645 (Bom) (HC)\/ CIT\u00a0v.\u00a0Gurinder Singh Bawa ( 2017) 386 ITR 483 (Bom) (HC)(Arising out of ITA No.8628\/M\/2010 dt.12\/10\/2015)(ITA No. 73 of 2017 dt.06\/03\/2019)(AY. 2001 &#8211; 2002)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.68 : Cash credits \u2013 Share Application Money  -In the absence of incriminating material found during search &#8211; No addition can be made.  [ S. 132, 153C ] <\/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-11359","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Xd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11359","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=11359"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11359\/revisions"}],"predecessor-version":[{"id":11360,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11359\/revisions\/11360"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}