{"id":2650,"date":"2018-10-22T07:27:49","date_gmt":"2018-10-22T07:27:49","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-b-g-shirke-construction-technology-p-ltd-2018-257-taxman-561-bom-hc\/"},"modified":"2019-10-31T12:15:19","modified_gmt":"2019-10-31T12:15:19","slug":"cit-v-b-g-shirke-construction-technology-p-ltd-2018-257-taxman-561-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-b-g-shirke-construction-technology-p-ltd-2018-257-taxman-561-bom-hc\/","title":{"rendered":"CIT v. B.G. Shirke Construction Technology (P.) Ltd. (2018) 257 Taxman 561\/ 172 DTR 28 (Bom.)(HC) Editorial: SLP of revenue is dismissed  PCIT v.   B. G. Shirke Construction Technology (P.) Ltd ( 2019) 265 Taxman 543 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue , the Court held that, addition cannot be made on the basis of\u00a0 valuation report of site engineer higher than work -in- progress recorded in the books of account.Moreover, even if assume that the closing stock\u00a0<em>i.e.<\/em>\u00a0work-in-progress is in excess of that recorded\/disclosed by the respondent, the same has to be added to the income only under section 69A. No question of law arises . (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure -Search-Work in progress-Valuation report of site engineer higher than work -in- progress recorded in the books of account -Addition is held to be not valid [ S. 69A,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":[1],"tags":[],"class_list":["post-2650","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-GK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2650","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=2650"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2650\/revisions"}],"predecessor-version":[{"id":7946,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2650\/revisions\/7946"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}