{"id":14592,"date":"2020-12-23T11:18:38","date_gmt":"2020-12-23T11:18:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sri-purna-chandra-biswal-v-pcit-2020-the-chambers-journal-january-p-91-cuttack-trib\/"},"modified":"2020-12-23T11:18:38","modified_gmt":"2020-12-23T11:18:38","slug":"sri-purna-chandra-biswal-v-pcit-2020-the-chambers-journal-january-p-91-cuttack-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sri-purna-chandra-biswal-v-pcit-2020-the-chambers-journal-january-p-91-cuttack-trib\/","title":{"rendered":"Sri Purna Chandra Biswal v. PCIT ( 2020) The Chamber\u2019s Journal \u2013 January -P. 91 ( Cuttack) (Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that, the Assessing Officer has rejected the books of account and estimated the gross profit . When the books of account is rejected the PCIT cannot invoke the revisionary power and direct the Assessing Officer to make addition u\/s 68 or 41 of the Act , after accepting the returned income\u00a0 .( ITA No 200\/CTK 2018 dt 15-11-2019 ) (AY. 2013 -14 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue -Rejection of books of account \u2013 Revision order directing the Assessing Officer to make addition u\/s 68 or 41 is held to be not valid [ S.41, 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-14592","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Nm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14592","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=14592"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14592\/revisions"}],"predecessor-version":[{"id":14593,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14592\/revisions\/14593"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}