{"id":3606,"date":"2019-01-07T13:08:45","date_gmt":"2019-01-07T13:08:45","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ito-v-iraisaa-hotels-p-ltd-2018-173-itd-30-mum-trib\/"},"modified":"2019-01-07T13:08:45","modified_gmt":"2019-01-07T13:08:45","slug":"ito-v-iraisaa-hotels-p-ltd-2018-173-itd-30-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-iraisaa-hotels-p-ltd-2018-173-itd-30-mum-trib\/","title":{"rendered":"ITO  v.  Iraisaa Hotels (P.) Ltd.  (2018)  173 ITD 30 (Mum.) (Trib.)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held that , assessee has Furnished several documentary evidences to prove genuineness of unsecured loans and share capital investment and creditworthiness of parties. Accordingly the addition cannot be made merely\u00a0 relying upon order of SEBI that some of shareholders of assessee were part of several entities who were linked to money laundering. Assessee is not required\u00a0 to prove source of the source .Deletion of addition by CIT(A) is held to be justified. (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Share capital-Loans-Furnished several documentary evidences to prove genuineness of unsecured loans and share capital investment and creditworthiness of parties- Addition cannot be made merely  relying upon order of SEBI that some of shareholders of assessee were part of several entities who were linked to money laundering- Assessee is not required  to prove source of the source \u2013 Deletion of addition by CIT(A) is held to be justified.<\/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-3606","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Wa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3606","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=3606"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3606\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}