{"id":43550,"date":"2024-06-14T12:03:43","date_gmt":"2024-06-14T06:33:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ganigara-rekha-venugopal-smt-v-acit-2023-200-itd-141-smc-bang-trib\/"},"modified":"2024-06-14T12:03:43","modified_gmt":"2024-06-14T06:33:43","slug":"ganigara-rekha-venugopal-smt-v-acit-2023-200-itd-141-smc-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ganigara-rekha-venugopal-smt-v-acit-2023-200-itd-141-smc-bang-trib\/","title":{"rendered":"Ganigara Rekha Venugopal (Smt.) v. ACIT (2023) 200 ITD 141 (SMC) (Bang) (Trib.)"},"content":{"rendered":"<p>In assessment year 2011-12 assessee declared agricultural income\u00a0 and\u00a0 also shown\u00a0 as advance lease rent received on lease of land.\u00a0\u00a0 Assessing Officer treated agricultural income as unexplained and added same to assessee&#8217;s income as income from other sources. He also treated advance lease rent as unexplained cash credit under section 68 and added same to assessee&#8217;s income.\u00a0 Commissioner (Appeals) upheld additions. In return filed for assessment year 2012-13\u00a0 the assesee\u00a0 has shown the amount taxed in earlier years as opening balance.\u00a0\u00a0 Assessing Officer added as income from undisclosed sources. On appeal the Tribunal\u00a0 deleted the addition as the addition was made in earlier year the income sourced in the relevant year. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68: Cash credits-Income from other sources-Agricultural income-Lease rent-Addition made in earlier year-Taxing the said income again is deleted.[S.56] <\/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-43550","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bkq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43550","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=43550"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43550\/revisions"}],"predecessor-version":[{"id":43551,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43550\/revisions\/43551"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}