{"id":3870,"date":"2019-02-08T05:52:21","date_gmt":"2019-02-08T05:52:21","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-rahul-j-jain-bom-hc-ur-editorial-order-in-acit-v-rahul-j-jain-mum-trib-ita-no-5986-m-2013-dt-28-9-2015-is-affirmed\/"},"modified":"2019-02-08T05:52:21","modified_gmt":"2019-02-08T05:52:21","slug":"pcit-v-rahul-j-jain-bom-hc-ur-editorial-order-in-acit-v-rahul-j-jain-mum-trib-ita-no-5986-m-2013-dt-28-9-2015-is-affirmed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-rahul-j-jain-bom-hc-ur-editorial-order-in-acit-v-rahul-j-jain-mum-trib-ita-no-5986-m-2013-dt-28-9-2015-is-affirmed\/","title":{"rendered":"PCIT v. Rahul J. Jain ( Bom) (HC) (UR) Editorial: Order in ACIT v Rahul J. Jain  (Mum) (Trib) ( ITA NO 5986 \/M\/ 2013 dt 28 -9-2015) is affirmed"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that , best judgement assessment can be resorted by the AO in the absence of any record , but it cannot be arbitrary , when the assessee has filed supporting documents justifying the loss suffered. ( AY.2007 -08) ( ITA No . 857\u00a0of 2016 dt. 11-12-2018 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.144: Best judgement assessment- Books destroyed due to flood- Expenditure cannot be disallowed arbitrarily \u2013 Best judgement should not be made as a best punishment assessment .[ S.37 (1)<\/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-3870","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-10q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3870","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=3870"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3870\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}