{"id":25592,"date":"2022-03-17T13:15:50","date_gmt":"2022-03-17T07:45:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-angel-cement-pvt-ltd-2021-88-itr-616-delhitrib\/"},"modified":"2022-03-17T13:15:50","modified_gmt":"2022-03-17T07:45:50","slug":"ito-v-angel-cement-pvt-ltd-2021-88-itr-616-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-angel-cement-pvt-ltd-2021-88-itr-616-delhitrib\/","title":{"rendered":"ITO v. Angel Cement Pvt. Ltd. (2021) 88 ITR 616 (Delhi)(Trib.)"},"content":{"rendered":"<p>Held that as regards rotation of funds between group entities addition cannot be made as cash credits. The Tribunal also held that when the assessee has filed the proof of creditworthiness of the parties, the addition cannot be made as cash credits without making further enquiry. <em>(<\/em>AY.2012-13 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Rotation of disclosed funds  between group entities-Addition cannot be made as cash credits-Proof of creditworthiness was supplied-Addition cannot be made without making further enquiry. [S. 133(6)]  <\/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-25592","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6EM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25592","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=25592"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25592\/revisions"}],"predecessor-version":[{"id":25593,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25592\/revisions\/25593"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}