{"id":18072,"date":"2021-05-10T17:31:24","date_gmt":"2021-05-10T12:01:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/matarani-vintrade-pvt-ltd-v-ito-2020-84-itr-432-kol-trib\/"},"modified":"2021-05-10T17:31:24","modified_gmt":"2021-05-10T12:01:24","slug":"matarani-vintrade-pvt-ltd-v-ito-2020-84-itr-432-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/matarani-vintrade-pvt-ltd-v-ito-2020-84-itr-432-kol-trib\/","title":{"rendered":"Matarani Vintrade Pvt. Ltd. v. ITO (2020) 84 ITR 432 (Kol.)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that, all share have filed the replies to notices issued by the Assessing Officer with confirmations and documents to substantiate their identity and creditworthiness and genuineness of\u00a0 share transaction. Amounts Transferred through banking channels and no cash deposits in accounts of\u00a0 investor companies. Assessing Officer satisfied with explanation given by\u00a0 assessee and accepting share capital raised by\u00a0 assessee as genuine. Order of CIT (A) enhancing the assessment and making addition as\u00a0 nongenuine is\u00a0 held to be based on suspicion and held to be not sustainable. <em>\u00a0(<\/em>AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Share capital-Identity, creditworthiness and genuineness established-Addition deleted-Enhancement by CIT (A) was quashed.  [S. 131, 251(2)] <\/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-18072","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Hu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18072","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=18072"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18072\/revisions"}],"predecessor-version":[{"id":18073,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18072\/revisions\/18073"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}