{"id":14552,"date":"2020-12-23T09:53:22","date_gmt":"2020-12-23T09:53:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lakadri-naidu-v-ito-2020-the-chambers-journal-september-p-112-hyd-trib\/"},"modified":"2020-12-23T09:53:22","modified_gmt":"2020-12-23T09:53:22","slug":"lakadri-naidu-v-ito-2020-the-chambers-journal-september-p-112-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lakadri-naidu-v-ito-2020-the-chambers-journal-september-p-112-hyd-trib\/","title":{"rendered":"Lakadri Naidu v. ITO ( 2020) The Chamber\u2019s Journal \u2013 September \u2013 P. 112 ( Hyd) (Trib)"},"content":{"rendered":"<p>Tribunal held that , the Assesse\u2019s father and brother have confirmed the gift transaction by furnishing their confirmation statements . Credit worthiness is established , transaction were through banking channels , merely possessing the ration card of low economic strata does not show that donor does not have any source to earn reasonable income . Appeal of the assessee is allowed .( ITA No. 236\/Hyd\/ 2017 dt . 24 -7 -2020 ) (AY. 2012 -13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.68: Cash credits &#8211;  Gift from father and brother \u2013 Agricultural income-  Source of deposit explained \u2013 Addition is held to be not justified .<\/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-14552","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3MI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14552","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=14552"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14552\/revisions"}],"predecessor-version":[{"id":14553,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14552\/revisions\/14553"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}