{"id":2684,"date":"2018-10-22T11:47:58","date_gmt":"2018-10-22T11:47:58","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ziauddin-a-siddique-v-jcit-mum-trib-www-itatonline-org-editorial-appeal-of-assessee-is-admitted-zuddin-a-siddique-v-jcit-bom-hc-ita-no-287-of-2015-dt-31-10-2017\/"},"modified":"2018-10-22T11:51:44","modified_gmt":"2018-10-22T11:51:44","slug":"ziauddin-a-siddique-v-jcit-mum-trib-www-itatonline-org-editorial-appeal-of-assessee-is-admitted-zuddin-a-siddique-v-jcit-bom-hc-ita-no-287-of-2015-dt-31-10-2017","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ziauddin-a-siddique-v-jcit-mum-trib-www-itatonline-org-editorial-appeal-of-assessee-is-admitted-zuddin-a-siddique-v-jcit-bom-hc-ita-no-287-of-2015-dt-31-10-2017\/","title":{"rendered":"Ziauddin A .Siddique v JCIT ( Mum) (Trib) www.itatonline .org  Editorial . Appeal of assessee is admitted , Zuddin A .Siddique v JCIT (Bom) (HC) ( ITA No. 287 of 2015 dt 31-10-2017 )"},"content":{"rendered":"<p>Dismissing the appeal of the assesse the Tribunal held that ,<\/p>\n<p>purchasers\u00a0could not be located.\u00a0 Transfer deeds\u00a0 did not bear the names or other particulars of the sellers. Prices on exchange\u00a0was manipulated by two brokers in a systematic manner .Seller , broker , purchasers\u00a0 are located in different cities .Purchase and sale transactions in shares have been executed off market without in fact even fulfilling the reporting requirements in respect thereof under the regulatory frame work . Increase of 432% with in six months without any economic or technical\u00a0 basis. Additions confirmed as cash credits treating the transactions as bogus \u00a0. ( ITA No . 4699 \/ 4700 \/M\/ 2011 dt 25-04\u00a0 2014 ( AY. 2004-05 , 2005 -06)<\/p>\n<p>(Note : Since the judgement is not reported , it is being posted now .)<\/p>\n<p><a href=\"https:\/\/drive.google.com\/open?id=1boIgy5B--4H7vHWI8pcln4RzTuS3Cxwx\"><strong>[Click here to download PDF file] (\u00a0Trip)<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/drive.google.com\/open?id=1LFuULgLLMI7SNIdkQNxso_EKX6q1i5Uy\"><strong>[Click here to download PDF file] (HC)<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.68: Cash credits &#8211; Suspicious transaction in shares- Penny stocks -Capital gains \u2013 Increase of 432% with in six months without any economic or technical  basis -Purchasers  could not be located-Transfer deeds  did not bear the names or other particulars of the sellers-Prices on exchange  was manipulated by two brokers in a systematic manner -Seller , broker , purchasers  are located in different cities \u2013 Purchase and sale transactions in shares have been executed off market without in fact even fulfilling the reporting requirements in respect thereof under the regulatory frame work .- Additions confirmed as cash credits treating the transactions as bogus .  [ S.45, 54F ]<\/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-2684","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Hi","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2684","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=2684"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2684\/revisions"}],"predecessor-version":[{"id":2686,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2684\/revisions\/2686"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}