{"id":44790,"date":"2024-08-01T11:05:36","date_gmt":"2024-08-01T05:35:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-narsingh-ispat-ltd-2023106-itr-453-156-taxmann-com-344-kol-trib-editorial-affirmed-in-pcit-v-narsingh-ispat-ltd-2024-161-taxmann-com-483-463-itr-566-calhc\/"},"modified":"2024-08-01T11:05:36","modified_gmt":"2024-08-01T05:35:36","slug":"dy-cit-v-narsingh-ispat-ltd-2023106-itr-453-156-taxmann-com-344-kol-trib-editorial-affirmed-in-pcit-v-narsingh-ispat-ltd-2024-161-taxmann-com-483-463-itr-566-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-narsingh-ispat-ltd-2023106-itr-453-156-taxmann-com-344-kol-trib-editorial-affirmed-in-pcit-v-narsingh-ispat-ltd-2024-161-taxmann-com-483-463-itr-566-calhc\/","title":{"rendered":"Dy. CIT v. Narsingh Ispat Ltd. (2023)106 ITR 453 \/ 156 taxmann.com 344 (Kol) (Trib) Editorial : Affirmed in PCIT v. Narsingh Ispat Ltd [2024] 161 taxmann.com 483 \/ 463 ITR 566 (Cal)(HC)"},"content":{"rendered":"<p>Held that\u00a0 identity and creditworthiness of the share applicants, and genuineness of the transactions as provided under section\u00a068\u00a0of the Act, the Commissioner (Appeals) was right in deleting the addition made. Shareholders and directors of\u00a0 companies not attending in response to summons-Not ground to tax credits.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Share Capital-Furnished  bank statements, audited accounts and computations of  income-Companies\u2019 cases subjected to scrutiny assessment-Source of  source explained-Shareholders and directors of  companies not attending in response to summons-Not ground to tax credits. [S. 131]  <\/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-44790","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bEq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44790","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=44790"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44790\/revisions"}],"predecessor-version":[{"id":44791,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44790\/revisions\/44791"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}