{"id":12246,"date":"2020-09-11T14:34:08","date_gmt":"2020-09-11T14:34:08","guid":{"rendered":"http:\/\/itatonline.org\/digest\/lunawat-gems-corporation-v-cit-2020423-itr-171-rajhc\/"},"modified":"2020-09-11T14:34:08","modified_gmt":"2020-09-11T14:34:08","slug":"lunawat-gems-corporation-v-cit-2020423-itr-171-rajhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lunawat-gems-corporation-v-cit-2020423-itr-171-rajhc\/","title":{"rendered":"Lunawat Gems Corporation v .CIT (2020)423 ITR 171 (Raj)(HC)"},"content":{"rendered":"<p>The AO made addition of 25% of unverifiable purchases. The CIT (A) restricted the addition to 15 per cent. of the unverifiable or bogus purchases. The Tribunal confirmed the order passed by the CIT (A) The assessee filed an application for rectification of mistake which was dismissed. \u00a0On writ dismissing the petition the Court held that\u00a0 the view taken by the appellate authorities was correct.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record \u2013Bogus purchases \u2014Statement by Investigation Wing- Disallowance of 15% of unverifiable purchases \u2013 Order of Tribunal is affirmed \u2013 Rejection of rectification is held to be justified [ S. 69C , 132 ,147 , 148, Art , 226 ] <\/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-12246","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3bw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12246","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=12246"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12246\/revisions"}],"predecessor-version":[{"id":12247,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12246\/revisions\/12247"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}