{"id":4454,"date":"2019-03-19T09:56:19","date_gmt":"2019-03-19T09:56:19","guid":{"rendered":"http:\/\/itatonline.org\/digest\/tum-nath-shaw-v-acit-2019-175-itd-45-kol-trib-2\/"},"modified":"2019-03-19T09:56:19","modified_gmt":"2019-03-19T09:56:19","slug":"tum-nath-shaw-v-acit-2019-175-itd-45-kol-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/tum-nath-shaw-v-acit-2019-175-itd-45-kol-trib-2\/","title":{"rendered":"Tum Nath Shaw. v. ACIT (2019) 175 ITD 45 (Kol.)(Trib.)"},"content":{"rendered":"<p>AO made addition to assessee&#8217;s income under S. 41(1) in respect of difference between creditors recorded in his books vis-a-vis balance in books of creditors. Tribunal held that sales and purchases made by assessee and thus balance of creditors w was not doubted hence\u00a0 addition is held to be not valid. (AY. 2000-01 to 2004 -05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability\u2013Difference between creditors recorded in his books vis-a-vis balance in books of creditors-Sales and purchases not doubted\u2013Addition is held to be not justified.<\/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":[1],"tags":[],"class_list":["post-4454","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-19Q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4454","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=4454"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4454\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}