{"id":43906,"date":"2024-06-24T16:44:55","date_gmt":"2024-06-24T11:14:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/arun-i-keshwarni-v-ito-2023-201-itd-518-smc-mum-trib\/"},"modified":"2024-06-24T16:44:55","modified_gmt":"2024-06-24T11:14:55","slug":"arun-i-keshwarni-v-ito-2023-201-itd-518-smc-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/arun-i-keshwarni-v-ito-2023-201-itd-518-smc-mum-trib\/","title":{"rendered":"Arun I Keshwarni. v. ITO (2023) 201 ITD 518 (SMC) (Mum) (Trib.)"},"content":{"rendered":"<p>During search conducted at premises of Ahuja Properties &amp; Associates\u00a0 unaccounted cash transactions and accommodation entries were found in group&#8217;s parallel accounts. Reassessment notice is issued and addition is made under section 69A as accommodation entries On appeal the CIT(A) has up held the addition. On appeal the Tribunal held that\u00a0 the\u00a0 Assessing Officer extracted certain portions of statements recorded from one Jagdish Ahuja\u00a0 where he had confirmed maintenance of parallel books of account and giving accommodation entries. No specific finding was recorded which linked impugned loan transaction with recorded statement.\u00a0 The assessee repaid loan with interest after deducting tax at source. Addition is deleted. (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69A : Unexplained money-Loan from Ahuja group-Accommodation entries-Repaid the loan-Tax is deducted at source on interest-Addition is deleted.[S. 147, 148] <\/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-43906","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bqa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43906","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=43906"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43906\/revisions"}],"predecessor-version":[{"id":43907,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43906\/revisions\/43907"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}