{"id":42015,"date":"2024-05-04T12:03:26","date_gmt":"2024-05-04T06:33:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sukumar-solvent-p-ltd-v-acit-2023-200-itd-614-kol-trib\/"},"modified":"2024-05-04T12:03:26","modified_gmt":"2024-05-04T06:33:26","slug":"sukumar-solvent-p-ltd-v-acit-2023-200-itd-614-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sukumar-solvent-p-ltd-v-acit-2023-200-itd-614-kol-trib\/","title":{"rendered":"Sukumar Solvent (P.) Ltd. v. ACIT (2023) 200 ITD 614 (Kol (Trib.)"},"content":{"rendered":"<p>Tribunal held that alleged stock being part of business income. Only net profit of 12% on alleged income is directed to be estimated<strong>.<\/strong>(AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure-Excess stock-Survey-Addition is restricted only to profit element of stock.[S.133A] <\/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-42015","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aVF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42015","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=42015"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42015\/revisions"}],"predecessor-version":[{"id":42016,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42015\/revisions\/42016"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}