{"id":12706,"date":"2020-10-07T10:34:52","date_gmt":"2020-10-07T10:34:52","guid":{"rendered":"https:\/\/itatonline.org\/digest\/rajeev-mujumdar-v-cit-2020-426-itr-559-mphc\/"},"modified":"2021-04-27T16:16:58","modified_gmt":"2021-04-27T10:46:58","slug":"rajeev-mujumdar-v-cit-2020-426-itr-559-mphc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rajeev-mujumdar-v-cit-2020-426-itr-559-mphc\/","title":{"rendered":"Rajeev Mujumdar v. CIT (2020) 426 ITR 559 \/ 196 DTR 10 \/ 317 CTR 847\/(2021) 277 Taxman 65 (MP)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the assessee the Court held that\u00a0 the authorities had not placed reliance or invoked S. \u00a0292C\u00a0of the Act. Instead, on appreciation of the material keeping in view the entire facts and circumstances, they had concluded that there existed nexus between the assessee and the seized material. Therefore, since the assessee had failed to give any account for the unaccounted investment of Rs. 22,40,000, there was no illegality or perversity in the findings recorded by the Tribunal .Addition is held to be justified . ( AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A : Assessment \u2013 Search- Assessment based on seized material \u2013 Addition of income as income from undisclosed source is held to be justified [ S.132 , 153C 292C ]<\/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":[21],"tags":[],"class_list":["post-12706","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3iW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12706","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=12706"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12706\/revisions"}],"predecessor-version":[{"id":17344,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12706\/revisions\/17344"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}