{"id":39391,"date":"2024-02-21T12:50:20","date_gmt":"2024-02-21T07:20:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-vrajendra-jagjivandas-thakkar-2023-295-taxman-713-guj-hc\/"},"modified":"2024-02-21T12:50:20","modified_gmt":"2024-02-21T07:20:20","slug":"pcit-v-vrajendra-jagjivandas-thakkar-2023-295-taxman-713-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-vrajendra-jagjivandas-thakkar-2023-295-taxman-713-guj-hc\/","title":{"rendered":"PCIT v. Vrajendra Jagjivandas Thakkar (2023) 295 Taxman 713 (Guj.)(HC)"},"content":{"rendered":"<p>The Assessing officer made disallowance of 100 percentage of alleged\u00a0 accommodation entries in respect of purchases of diamonds. On appeal the Tribunal restricted the disallowance at rate of\u00a0 6 per cent of purchases. High Court affirmed the order of the Tribunal. Followed, ITO v. Pankaj A Chaudhary [IT Appeal No. 1152 (AHD) of 2017, dated 27-9-2021 (Ahd)(Trib)\u00a0 \u00a0PCIT v. Pankaj K. Chaudhary v [Tax Appeal No. 617 of 2022, dated 7-3-2023 (Guj)(HC)]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 143(3) : Assessment-Bogus purchases-Accommodation entries-Trading in diamonds-Cash credits-Unexplained expenditure-Order of Tribunal affirming disallowance of 6 percent of disputed purchases is affirmed. [S.68, 69] <\/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-39391","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-afl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39391","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=39391"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39391\/revisions"}],"predecessor-version":[{"id":39392,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39391\/revisions\/39392"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}