{"id":16956,"date":"2021-04-16T14:24:49","date_gmt":"2021-04-16T08:54:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-bhavya-merchandise-p-ltd-2020-185-itd-891-kol-trib\/"},"modified":"2021-04-16T14:24:49","modified_gmt":"2021-04-16T08:54:49","slug":"dcit-v-bhavya-merchandise-p-ltd-2020-185-itd-891-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-bhavya-merchandise-p-ltd-2020-185-itd-891-kol-trib\/","title":{"rendered":"DCIT v. Bhavya Merchandise (P.) Ltd. (2020) 185 ITD 891 (Kol.) (Trib.)"},"content":{"rendered":"<p>Assessee was engaged in business of share dealing and interest income.\u00a0 Ordinal assessment was competed u\/s.143(3).\u00a0 Pursuant to search proceedings, notice was issued and assessment was completed by making addition u\/s 68 of the Act in respect of share capital. Tribunal held that since no assessment was pending as on date of search and, addition made was without any reference to incriminating documents\/papers seized during search, assessment made under section 153A was liable to be set aside. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A : Assessment-Search-Cash credits-Share capital-Share premium-Original assessment was completed-No incriminating materials was found-Addition is held to be not valid. [S. 68, 132]<\/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-16956","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4pu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16956","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=16956"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16956\/revisions"}],"predecessor-version":[{"id":16957,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16956\/revisions\/16957"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}