{"id":16632,"date":"2021-04-14T11:31:34","date_gmt":"2021-04-14T06:01:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jaee-vishwas-joshi-v-acit-2020-184-itd-112-mum-trib\/"},"modified":"2021-08-09T06:52:10","modified_gmt":"2021-08-09T01:22:10","slug":"jaee-vishwas-joshi-v-acit-2020-184-itd-112-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jaee-vishwas-joshi-v-acit-2020-184-itd-112-mum-trib\/","title":{"rendered":"Jaee Vishwas Joshi v. ACIT (2020) 184 ITD 112 \/ 2021) 211 TTJ 311   (Mum.)(Trib.)"},"content":{"rendered":"<p>The return was\u00a0 accepted u\/s 143(1) of the Act.\u00a0 On the basis of information that the expenses claimed as counselling charges was\u00a0 Payment to bogus companies. Accordingly the reassessment proceedings was initiated. On appeal the Tribunal affirmed the reassessment proceeding and\u00a0 as regards genuineness of payments made was concerned, in view of fact that two companies to whom payments were made were not found traceable and their existence, presence, infrastructure and nature of services rendered by them were not proved at all, Assessing Officer was justified in disallowing expenditure incurred under head business counselling charges. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure-Business counselling charges-Payment to bogus companies-Reassessment is held to be justified-Disallowance is held to be justified.  [S.143(1), 147, 148]<\/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-16632","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4kg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16632","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=16632"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16632\/revisions"}],"predecessor-version":[{"id":21025,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16632\/revisions\/21025"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}