{"id":39363,"date":"2024-02-21T12:27:08","date_gmt":"2024-02-21T06:57:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-central-v-regent-beers-wines-ltd-2023-295-taxman-565-mphc\/"},"modified":"2024-02-21T12:27:08","modified_gmt":"2024-02-21T06:57:08","slug":"pcit-central-v-regent-beers-wines-ltd-2023-295-taxman-565-mphc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-central-v-regent-beers-wines-ltd-2023-295-taxman-565-mphc\/","title":{"rendered":"PCIT (Central) v. Regent Beers &#038; Wines Ltd. (2023) 295 Taxman 565 (MP)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Tribunal deleted the\u00a0 addition on ground that case of assessee was of suppression of liability in audited account books vis-a-vis parallel set of account books maintained on the ground that under law undisclosed investment or undisclosed expenditure could be subject mater of addition either under section 69 or section 69A or section 69B or section 69C but on the facts\u00a0\u00a0 the case issue was in regard to undisclosed liability.\u00a0 Order of Tribunal is affirmed. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69 : Unexplained investments-Undisclosed liability-Deletion of addition by the Tribunal is affirmed. [S.69A, 69B, 69C, 132] <\/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-39363","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aeT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39363","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=39363"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39363\/revisions"}],"predecessor-version":[{"id":39364,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39363\/revisions\/39364"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}