{"id":2673,"date":"2018-10-22T10:46:38","date_gmt":"2018-10-22T10:46:38","guid":{"rendered":"http:\/\/itatonline.org\/digest\/s-ganesh-v-acit-mum-trib-www-itatonline-org\/"},"modified":"2018-10-26T11:00:15","modified_gmt":"2018-10-26T11:00:15","slug":"s-ganesh-v-acit-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/s-ganesh-v-acit-mum-trib-www-itatonline-org\/","title":{"rendered":"S. Ganesh v ACIT (Mum) (Trib)  www.itatonline .org"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that , professional income shown by the assessee was exceeded the figure shown in the AIR information and it was not practically possible to give detailed party-wise break up of fees received . Accordingly the addition was deleted .\u00a0\u00a0 As regards investment the mutual funds , the assessee was second owner and the identity of the\u00a0 first owner is established and assessed to tax . Accordingly the addition was deleted\u00a0holding that addition cannot be made merely on the basis of AIR information.\u00a0 ( AY.2006 -07) (ITA No \u00a0527\/Mum\/2010 dt 8-12-2010<\/p>\n<p>(Note : Since the judgement is not reported , it is being posted now .)(Affirmed by Bombay High Court , (ITA NO. 1930 of 2011 dt. 18 th March , 2014 ) www.itatonline.org<\/p>\n<p><a href=\"https:\/\/drive.google.com\/open?id=1KAMV55KvaMQ7KAKsxORHeF5GstXYehyr\"><strong>[Click here to download PDF file]<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.69: Unexplained investments- AIR information-  Professional income shown by the assessee was exceeded the figure shown in the AIR information  -Second owner- When the identity of first owner is established and assessed to tax \u2013 Addition cannot be made merely on the basis of AIR information.<\/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-2673","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-H7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2673","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=2673"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2673\/revisions"}],"predecessor-version":[{"id":2712,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2673\/revisions\/2712"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}