{"id":3890,"date":"2019-02-08T12:14:23","date_gmt":"2019-02-08T12:14:23","guid":{"rendered":"http:\/\/itatonline.org\/digest\/rajkumar-b-agarwal-v-dcit-pune-trib-www-itatonline-org-bharat-r-agarwal-v-dcit-pune-trib-www-itatonlne-org-ameeta-r-agarwal-v-dcit-pune-trib-www-itatonlne-org\/"},"modified":"2019-06-01T02:48:56","modified_gmt":"2019-06-01T02:48:56","slug":"rajkumar-b-agarwal-v-dcit-pune-trib-www-itatonline-org-bharat-r-agarwal-v-dcit-pune-trib-www-itatonlne-org-ameeta-r-agarwal-v-dcit-pune-trib-www-itatonlne-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rajkumar-b-agarwal-v-dcit-pune-trib-www-itatonline-org-bharat-r-agarwal-v-dcit-pune-trib-www-itatonlne-org-ameeta-r-agarwal-v-dcit-pune-trib-www-itatonlne-org\/","title":{"rendered":"Rajkumar B. Agarwal v. DCIT  ( 2019) 176 DTR 273 \/ 199 TTJ 222(Pune )(Trib). www.itatonline.org Bharat R. Agarwal v DCIT( 2019) 176 DTR 273\/199 TTJ 222 ( Pune ) (Trib).www.itatonlne.org  Ameeta R.Agarwal v DCIT ( 2019) 176 DTR 273\/ 199 TTJ 222( Pune ) (Trib).www.itatonlne.org"},"content":{"rendered":"<p><strong>Dismissing the appeal of the assesee the Tribunal held that ; The assessee completed paper-trail by producing contract notes for purchase and sale of shares. of \u00a0Parraneta Industries Ltd (PIL). Mere furnishing of contract notes etc does not inspire any confidence in the light of facts. Broker from whom the shares were purchased\u00a0 was suspended by SEBI for\u00a0 illegal activities .Demat account was not filed .Share price multiplied by 300 times . Commission addition which was\u00a0 estimated at 6% was restricted to 2% \u00a0. Test of human probability\u00a0 applied and apparent should be ignored to unearth the harsh reality (CIT v.Sumati Dayal \u00a0( 1995) 214 ITR 801 (SC) &amp; CIT v.Durga Prasad More \u00a0(1971) 82 ITR 540 (SC) applied). Addition was confirmed on facts and the case laws relied by the representative was discussed. ( AY. 2004 -05,2005-06 , 2006-07)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.68: Cash credits- Undisclosed income -Bogus capital gains -Penny stocks- Mere furnishing of contract note etc does not inspire the confidence-Addition as  cash credit is held to be justified \u2013 Commission addition estimated  at 6% was restricted to 2% [ S.45, 48 ]<\/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-3890","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-10K","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3890","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=3890"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3890\/revisions"}],"predecessor-version":[{"id":5630,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3890\/revisions\/5630"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}