{"id":36178,"date":"2023-08-28T17:06:13","date_gmt":"2023-08-28T11:36:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-manasa-medicals-2022100-itr-5-sn-bangtrib\/"},"modified":"2023-08-28T17:06:13","modified_gmt":"2023-08-28T11:36:13","slug":"ito-v-manasa-medicals-2022100-itr-5-sn-bangtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-manasa-medicals-2022100-itr-5-sn-bangtrib\/","title":{"rendered":"ITO v. Manasa Medicals (2022)100 ITR 5 (SN) (Bang)(Trib)"},"content":{"rendered":"<p>Held that from a plain reading of the Notification No. S.O.\u00a0 3416 (E), dated\u00a0 November\u00a0 9, 2016,\u00a0 there was no specific mention of a requirement that doctors\u2019 prescriptions and identity of the persons purchasing medicines had to be kept in record to substantiate the cash sales during demonetisation period. Further, the Assessing Officer did not reject the books of account of the assessee and had not brought anything contrary on record to show that cash sales were not the source for the cash deposited during demonetisation period.\u00a0 Addition is not valid. (AY.2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Sale of  Pharmaceutical products-Demonetisation-Cash deposits-Books of account not rejected-Sales not doubted-Addition is held to be not valid. <\/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-36178","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9pw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36178","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=36178"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36178\/revisions"}],"predecessor-version":[{"id":36179,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36178\/revisions\/36179"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}