{"id":25830,"date":"2022-03-22T17:59:34","date_gmt":"2022-03-22T12:29:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ekta-housing-pvt-ltd-v-dy-cit-2021-89-itr-56-mum-trib-4\/"},"modified":"2022-03-22T17:59:34","modified_gmt":"2022-03-22T12:29:34","slug":"ekta-housing-pvt-ltd-v-dy-cit-2021-89-itr-56-mum-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ekta-housing-pvt-ltd-v-dy-cit-2021-89-itr-56-mum-trib-4\/","title":{"rendered":"Ekta Housing Pvt. Ltd. v. Dy. CIT (2021) 89 ITR 56 (Mum.)(Trib.)"},"content":{"rendered":"<p>Held that merely on the basis of statement of employee u\/s 131 without any incriminating material, addition cannot\u00a0 be made. Tribunal also held that\u00a0 only estimated income element embedded in such receipt can be taxed.\u00a0 Settlement Commission has accepted 15 % of receipts was accepted by group concerns, accordingly 15% was accepted as reasonable. (AY. 2013-14, 2014-15, 2015-16, 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A : Assessment-Search or requisition-Income from undisclosed sources-On money-Only estimated income element embedded in such receipt can be taxed-15 % of receipts was accepted by group concerns by Settlement Commission-15% was accepted as reasonable-Merely on the basis of statement of employee u\/s. 131 without any incriminating material-Addition cannot  be made. [S. 131] <\/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-25830","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6IC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25830","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=25830"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25830\/revisions"}],"predecessor-version":[{"id":25831,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25830\/revisions\/25831"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}