{"id":34845,"date":"2023-06-07T20:57:13","date_gmt":"2023-06-07T15:27:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/s-j-studio-entertainment-ltd-2023-the-chambers-journal-march-p-110-mum-trib\/"},"modified":"2023-06-07T20:57:13","modified_gmt":"2023-06-07T15:27:13","slug":"s-j-studio-entertainment-ltd-2023-the-chambers-journal-march-p-110-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/s-j-studio-entertainment-ltd-2023-the-chambers-journal-march-p-110-mum-trib\/","title":{"rendered":"S.J. Studio &#038; Entertainment Ltd ( 2023 ) The Chamber\u2019s Journal \u2013 March -P. 110 ( Mum)( Trib)"},"content":{"rendered":"<p>Held that the assessee\u00a0 had admitted that the sales was fictitious company . The act of the assessee may be illegal . The Assessing Officer was required to establish whether those were cash sales as claimed by him and not fictitious sale as claimed by the assessee. In the absence of cash sales by the assessee , the addition confirmed by the CIT( A) was deleted . ( ITA No. 4295 \/ Mum \/ 2016 dt . 13-2 -2023 ( AY .2010-11 )<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business income \u2013 Fictitious sales \u2013 Burden is on revenue to prove that the sales are not fictitious- Addition confirmed by the CIT(A) was deleted . [ S. 133A ] <\/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-34845","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-941","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34845","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=34845"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34845\/revisions"}],"predecessor-version":[{"id":34846,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34845\/revisions\/34846"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}