{"id":39495,"date":"2024-02-22T12:16:49","date_gmt":"2024-02-22T06:46:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nilambur-traders-v-cit-2023-155-taxmann-com-194-kerhc-editorial-slp-dismissed-nilambur-traders-v-cit-2023-295-taxman-219-sc\/"},"modified":"2024-02-25T17:33:31","modified_gmt":"2024-02-25T12:03:31","slug":"nilambur-traders-v-cit-2023-155-taxmann-com-194-kerhc-editorial-slp-dismissed-nilambur-traders-v-cit-2023-295-taxman-219-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nilambur-traders-v-cit-2023-155-taxmann-com-194-kerhc-editorial-slp-dismissed-nilambur-traders-v-cit-2023-295-taxman-219-sc\/","title":{"rendered":"Nilambur Traders v. CIT(2022)447 ITR 714\/ (2023) 155 taxmann.com 194 (Ker)(HC) Editorial: SLP dismissed, Nilambur Traders v. CIT (2023) 295 Taxman 219\/ (2024) 460 ITR 3 (SC)"},"content":{"rendered":"<p>In the Course of search a documents\/accounts were\u00a0 found at variance with declaration made by assessee in returns. Difference between actual and declared amounts under all heads was on higher side.\u00a0 Assessing\u00a0 Officer\u00a0 gave an opportunity\u00a0 to justify claim under respective heads. The assessee failed to demonstrate any error in law. The\u00a0 Assessing Officer made the addition.\u00a0 On appeal the Tribunal affirmed the order of the assessing Officer. On appeal High Court affirmed the order of the assessing Officer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153C : Assessment-Income of any other person-Search-Unexplained expenditure-Addition based on material seized-Order of  Tribunal is  affirmed. [S. 69C, 260A] <\/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-39495","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ah1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39495","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=39495"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39495\/revisions"}],"predecessor-version":[{"id":39642,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39495\/revisions\/39642"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}