{"id":41862,"date":"2024-04-29T18:21:06","date_gmt":"2024-04-29T12:51:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-mega-collections-p-ltd2023-201-itd-404surattrib\/"},"modified":"2024-04-29T18:21:06","modified_gmt":"2024-04-29T12:51:06","slug":"ito-v-mega-collections-p-ltd2023-201-itd-404surattrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-mega-collections-p-ltd2023-201-itd-404surattrib\/","title":{"rendered":"ITO v. Mega Collections (P) Ltd(2023) 201 ITD 404(Surat)(Trib)"},"content":{"rendered":"<p>Held that \u00a0by submitting PAN number, address, income tax returns, audited financial statements of creditors and bank statement of share applicants had discharged onus to prove identity, creditworthiness and genuineness of its loan transactions with various companies and source of source had also been proved by assessee, accordingly the \u00a0loan transactions could not be treated as unexplained cash credit under section 68 of the Act.(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Unsecured loan-Proved identity, genuineness and creditworthiness of the loan  transactions-Order of CIT(A) deleting the addition is affirmed.<\/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-41862","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aTc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41862","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=41862"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41862\/revisions"}],"predecessor-version":[{"id":41863,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41862\/revisions\/41863"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}