{"id":38532,"date":"2024-01-29T16:19:57","date_gmt":"2024-01-29T10:49:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-yog-oil-traders-2023-294-taxman-480-bom-hc\/"},"modified":"2024-01-29T16:19:57","modified_gmt":"2024-01-29T10:49:57","slug":"pcit-v-yog-oil-traders-2023-294-taxman-480-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-yog-oil-traders-2023-294-taxman-480-bom-hc\/","title":{"rendered":"PCIT v. Yog Oil Traders (2023) 294 Taxman 480 (Bom.)(HC)"},"content":{"rendered":"<p>In the course of survey partner of the firm admitted to bogus purchases of packing materials. Assessing Officer made additions to assessee&#8217;s income on basis of said statement which was later retracted. On appeal the\u00a0 Commissioner (Appeals) held that only 7 per cent of purchase of packing material was to be disallowed. Tribunal deleted the additions confirmed by the CIT(A). On appeal the High Court held that \u00a0the Tribunal was correct to delete the addition made by Commissioner (Appeals). (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S .69C :  Unexplained expenditure-Survey-Bogus purchases-Statement retracted-Deletion of addition by the Tribunal is affirmed. [S.131, 133A 260A] <\/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-38532","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a1u","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38532","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=38532"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38532\/revisions"}],"predecessor-version":[{"id":38533,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38532\/revisions\/38533"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}