{"id":2649,"date":"2018-10-22T07:25:52","date_gmt":"2018-10-22T07:25:52","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-subarna-rice-mill-2018-257-taxman-509-cal-hc\/"},"modified":"2021-07-12T08:27:03","modified_gmt":"2021-07-12T02:57:03","slug":"pcit-v-subarna-rice-mill-2018-257-taxman-509-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-subarna-rice-mill-2018-257-taxman-509-cal-hc\/","title":{"rendered":"PCIT v. Subarna Rice Mill (2018) 257 Taxman 509 (Cal.)(HC) Editorial: SLP of revenue is dismissed due to low tax effect ,PCIT v. Subarna Rice Mill  ( 2020 ) 269 Taxman 565 (SC)"},"content":{"rendered":"<p><span lang=\"EN-US\">Dismissing the appeal of the revenue , the Court held that ; when undisclosed\u00a0 purchases are discovered in the course of survey ,only profit embedded in transaction can be added\u00a0 as income .Followed Vijay Trading v. ITO ( 2016) 388 ITR 377 ( Guj) (HC).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure \u2013 Survey- Undisclosed stock -When undisclosed  purchases are discovered- Only profit embedded in transaction can be added  as income .[ S. 4, 133A, 145 ]<\/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":[1],"tags":[],"class_list":["post-2649","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-GJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2649","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=2649"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2649\/revisions"}],"predecessor-version":[{"id":20174,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2649\/revisions\/20174"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}