{"id":26019,"date":"2022-03-27T11:16:43","date_gmt":"2022-03-27T05:46:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/gulab-singh-v-ito-2021-90-itr-93-sn-all-trib\/"},"modified":"2022-03-27T11:16:43","modified_gmt":"2022-03-27T05:46:43","slug":"gulab-singh-v-ito-2021-90-itr-93-sn-all-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gulab-singh-v-ito-2021-90-itr-93-sn-all-trib\/","title":{"rendered":"Gulab Singh v. ITO (2021) 90 ITR 93 (SN) (All.)(Trib.)"},"content":{"rendered":"<p>Held that when\u00a0 there is discrepancy of stock is found in the course of survey, addition can be made only to the extent of profit element in sales considering the average sales price as ascertainable from sales recorded and not entire sale proceeds.\u00a0 The Assessing Officer was to restrict the addition on account of out of books sales to the extent of the profit element, i. e, gross profit that too by considering the average sale price as ascertainable from the sales recorded by the assessee. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 143(3) : Assessment-Income from undisclosed sources-Survey-Discrepancy of  stock-Addition can be made only to the extent of profit element in sales  considering the average sale price as ascertainable from sales recorded  and not entire sale proceeds. [S. 133A] <\/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-26019","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6LF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26019","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=26019"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26019\/revisions"}],"predecessor-version":[{"id":26020,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26019\/revisions\/26020"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}