{"id":38534,"date":"2024-01-29T16:20:37","date_gmt":"2024-01-29T10:50:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-anil-jagannath-tiwari-2023-153-taxmann-com-539-bomhc-editorial-slp-of-revenue-is-dismissed-due-to-low-tax-affect-pcit-v-anil-jagannath-tiwari-2023-294-taxman-517-sc\/"},"modified":"2024-01-29T16:20:37","modified_gmt":"2024-01-29T10:50:37","slug":"pcit-v-anil-jagannath-tiwari-2023-153-taxmann-com-539-bomhc-editorial-slp-of-revenue-is-dismissed-due-to-low-tax-affect-pcit-v-anil-jagannath-tiwari-2023-294-taxman-517-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-anil-jagannath-tiwari-2023-153-taxmann-com-539-bomhc-editorial-slp-of-revenue-is-dismissed-due-to-low-tax-affect-pcit-v-anil-jagannath-tiwari-2023-294-taxman-517-sc\/","title":{"rendered":"PCIT v. Anil Jagannath Tiwari (2023) 153 taxmann.com 539 (Bom)(HC) Editorial : SLP of Revenue is dismissed due to low tax affect, PCIT v. Anil Jagannath Tiwari (2023) 294 Taxman 517 (SC)"},"content":{"rendered":"<p>Assessing Officer added the\u00a0 purchases as bogus. On appeal Tribunal restricted the addition to the extent of\u00a0 gross profit rate on purchases at same rate as applied in other genuine purchases. On appeal high Court affirmed the Order of the Tribunal. Followed,\u00a0 Pr. CIT\u00a0v.\u00a0Mohommad Haji Adan &amp; Co (2019) 103 taxmann.com\u00a0 459 (Bom)(HC),PCIT\u00a0v.\u00a0Paramshakti Distributors (P.) Ltd (Bom)(HC).\u00a0(IT Appeal No. 413 of 2017, dated 15-7-2019]\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C :  Unexplained expenditure-Bogus purchases-No discrepancy between purchases shown  and sales declared-Only  gross profit ratio can be applied-Order of Tribunal is affirmed. [S.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-38534","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a1w","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38534","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=38534"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38534\/revisions"}],"predecessor-version":[{"id":38535,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38534\/revisions\/38535"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}