{"id":24678,"date":"2022-02-07T14:16:21","date_gmt":"2022-02-07T08:46:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nisarg-lifespace-llp-v-ito-2021-the-chambers-journal-august-p-92-mum-trib\/"},"modified":"2022-02-07T14:16:21","modified_gmt":"2022-02-07T08:46:21","slug":"nisarg-lifespace-llp-v-ito-2021-the-chambers-journal-august-p-92-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nisarg-lifespace-llp-v-ito-2021-the-chambers-journal-august-p-92-mum-trib\/","title":{"rendered":"Nisarg Lifespace LLP v. ITO (2021) The Chamber\u2019s Journal-August-P. 92 (Mum.)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that addition cannot be made on presumptions that the assessee routed its own cash in the form of unsecured loans, when the statement of Mr Parveen Kumar Jain was retracted. (ITA No. 629\/Mum\/2020 dt. 11-6 2021) (AY. 2013-14).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Statement of Mr Praveen Kumar Jain  which was retracted-Addition cannot be made on presumptions  that the assessee has routed its own cash  in the form of unsecured loans. [S. 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-24678","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6q2","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24678","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=24678"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24678\/revisions"}],"predecessor-version":[{"id":24679,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24678\/revisions\/24679"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}