{"id":44479,"date":"2024-07-25T13:17:37","date_gmt":"2024-07-25T07:47:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/humuza-consultants-v-cit-2023-203-itd-799-mum-trib\/"},"modified":"2024-07-25T13:17:37","modified_gmt":"2024-07-25T07:47:37","slug":"humuza-consultants-v-cit-2023-203-itd-799-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/humuza-consultants-v-cit-2023-203-itd-799-mum-trib\/","title":{"rendered":"Humuza Consultants. v. CIT (2023) 203 ITD 799 (Mum) (Trib.)"},"content":{"rendered":"<p>Assessing Officer held\u00a0 that assessee did not furnish documentary evidence to substantiate earning of exempt income under section 10(38), treated entire consideration received on sale of shares as unexplained income under section 68.\u00a0 Tribunal held that\u00a0 since notices for seeking evidences were sent by Assessing Officer to assessee on non-functional e-mail ID, and moreover, assessee had filed all necessary details called for to substantiate its claim of exempt income and also filed petition for filling additional evidence before Commissioner (Appeals) which was rejected, addition upheld by Commissioner (Appeals) is held to be\u00a0 unjustified. The Assessing Officer is directed to admit the additional evidence and allow the claim of exemption. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(38) :  Long term capital gains from equities-Additional evidence-Directed the Assessing Officer to admit the additional evidence and allow the claim of exemption.[S.45 , 68 , 250]   <\/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-44479","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bzp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44479","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=44479"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44479\/revisions"}],"predecessor-version":[{"id":44480,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44479\/revisions\/44480"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}