{"id":3730,"date":"2019-01-19T11:06:35","date_gmt":"2019-01-19T11:06:35","guid":{"rendered":"http:\/\/itatonline.org\/digest\/golla-narayana-rao-v-acit-2019-174-itd-67-visakhatrib\/"},"modified":"2019-05-05T09:36:10","modified_gmt":"2019-05-05T09:36:10","slug":"golla-narayana-rao-v-acit-2019-174-itd-67-visakhatrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/golla-narayana-rao-v-acit-2019-174-itd-67-visakhatrib\/","title":{"rendered":"Golla Narayana Rao v. ACIT  (2019) 174 ITD 67 \/ 176 DTR 201\/ 198 TTJ 407(Visakha)(Trib.)"},"content":{"rendered":"<p>Tribunal rejected the contention of the assessee that cash was towards capital contribution of various projects was not supported by any evidence. Tribunal held that provision is held to be applicable in respect of adjustment of loan\u00a0 towards sale of flats ,accordingly\u00a0 the levy of penalty is held to be justified. (AY. 2012 -13, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271D : Penalty\u2013Takes or accepts any loan or deposit-Business of civil construction-Adjustment of loan towards sale of flat\u2013 Provision is held to be applicable\u2013levy of penalty is held to be justified. [S.269SS, 269T]<\/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-3730","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Ya","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3730","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=3730"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3730\/revisions"}],"predecessor-version":[{"id":5339,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3730\/revisions\/5339"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}