{"id":38872,"date":"2024-02-02T13:14:54","date_gmt":"2024-02-02T07:44:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-kantilal-exports-2023454-itr-112-293-taxman-531-332-ctr-610-225-dtr-357-sc-editorial-m-kantilal-exports-v-acit-2011-330-itr-185-gujhc-reversed\/"},"modified":"2024-12-23T11:36:59","modified_gmt":"2024-12-23T06:06:59","slug":"acit-v-kantilal-exports-2023454-itr-112-293-taxman-531-332-ctr-610-225-dtr-357-sc-editorial-m-kantilal-exports-v-acit-2011-330-itr-185-gujhc-reversed","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-kantilal-exports-2023454-itr-112-293-taxman-531-332-ctr-610-225-dtr-357-sc-editorial-m-kantilal-exports-v-acit-2011-330-itr-185-gujhc-reversed\/","title":{"rendered":"ACIT v. Kantilal Exports (2023)454 ITR 112\/ 293 Taxman 531\/ 332 CTR 610\/ 225 DTR 357 (SC) Editorial : M. Kantilal Exports v. ACIT (2011) 330 ITR 185 (Guj)(HC), reversed. Miscellaneous  application is rejected , ACIT v. Kantilal Exports Surat (2024) 300 Taxman 99 (SC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that\u00a0 The High Court had not considered the conduct of the assessee, which had been considered in detail by the Tribunal, nor the findings of the Tribunal that during search in the case of the assessee and its group concern, duplicate cash book, ledger and other books showing unaccounted manufacturing and trading by the assessee in diamonds were found, that huge additions were made in the case of assessee\u2019s group in the block assessment on the basis thereof and that the assessee was maintaining books of account outside the regular books. The order passed by the Tribunal and the assessment order were to be restored. (AY. 2000-01)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure-Search and seizure-Duplicate account-Yield in various years-Finding reversed relying on statement-Order of Tribunal is restored. [S. 132, 143(3)] <\/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-38872","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a6Y","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38872","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=38872"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38872\/revisions"}],"predecessor-version":[{"id":49108,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38872\/revisions\/49108"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}