{"id":27732,"date":"2022-06-26T22:10:45","date_gmt":"2022-06-26T16:40:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/aps-steel-pvt-ltd-v-ito-2021-91-itr-25-sn-bang-trib\/"},"modified":"2022-06-26T22:10:45","modified_gmt":"2022-06-26T16:40:45","slug":"aps-steel-pvt-ltd-v-ito-2021-91-itr-25-sn-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aps-steel-pvt-ltd-v-ito-2021-91-itr-25-sn-bang-trib\/","title":{"rendered":"APS Steel Pvt. Ltd v. ITO (2021) 91 ITR 25 (SN) (Bang.)(Trib.)"},"content":{"rendered":"<p>Held that when there is suppression of\u00a0 both purchases and sales only gross profit alone to be assessed and not entire suppressed sales.. Disallowance of prior period expenses is justified. As regards\u00a0\u00a0 sundry creditors, matter remanded.\u00a0 (AY. 2010-11, 2011-12, 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 143(3) : Assessment-Income from undisclosed sources-estimate of  income-Suppression of  both purchases and sales-Gross profit alone to be assessed and not entire suppressed sales.-Prior period expenses-Disallowance is justified-Sundry creditors-Matter remanded. [S. 37(1), 69] <\/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-27732","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7di","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27732","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=27732"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27732\/revisions"}],"predecessor-version":[{"id":27733,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27732\/revisions\/27733"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}