{"id":13083,"date":"2020-10-18T10:10:22","date_gmt":"2020-10-18T10:10:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-vasu-kalia-2020-81-itr-507-chd-trib-dy-cit-v-balmukhi-textiles-p-ltd-2020-81-itr-507-chd-trib-dy-cit-v-shiva-spinfab-p-ltd-2020-81-itr-507-chd-trib-dy-cit-v-raji\/"},"modified":"2020-10-18T10:10:22","modified_gmt":"2020-10-18T10:10:22","slug":"dy-cit-v-vasu-kalia-2020-81-itr-507-chd-trib-dy-cit-v-balmukhi-textiles-p-ltd-2020-81-itr-507-chd-trib-dy-cit-v-shiva-spinfab-p-ltd-2020-81-itr-507-chd-trib-dy-cit-v-raji","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-vasu-kalia-2020-81-itr-507-chd-trib-dy-cit-v-balmukhi-textiles-p-ltd-2020-81-itr-507-chd-trib-dy-cit-v-shiva-spinfab-p-ltd-2020-81-itr-507-chd-trib-dy-cit-v-raji\/","title":{"rendered":"Dy. CIT v . Vasu Kalia ( 2020) 81 ITR 507 ( Chd) (Trib) Dy CIT v. Balmukhi Textiles P. Ltd ( 2020) 81 ITR 507 ( Chd) (Trib) Dy.CIT v.Shiva Spinfab P. Ltd (2020) 81 ITR 507 ( Chd) (Trib) Dy CIT v. Rajinder Kumar (2020) 81 ITR 507 ( Chd) (Trib)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held that\u00a0 <em>estimation of commission income at a higher rate merely on basis of presumption that assessee had shown a very small margin without any convincing evidence is not sustainable tribunal also held that\u00a0 <\/em>mismatch in figures between balance-sheet of\u00a0 assessee and balance-sheet of\u00a0 other parties\u00a0 difference cannot be\u00a0 assumed unexplained income . \u00a0<em>(<\/em> AY.2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.145: Method of accounting &#8211; Estimation of commission income at a higher rate merely on basis of presumption that assessee had shown a very small margin without any convincing evidence is not sustainable- Mismatch in figures between balance-sheet of  assessee and balance-sheet of  other parties \u2014 Difference cannot be  assumed unexplained income . [ S. 68, 145(3) ]  <\/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-13083","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3p1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13083","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=13083"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13083\/revisions"}],"predecessor-version":[{"id":13084,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13083\/revisions\/13084"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}