{"id":45471,"date":"2024-08-18T09:36:11","date_gmt":"2024-08-18T04:06:11","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vijay-gautam-v-asst-cit-2023-222-ttj-191-151-taxmann-com-485-alltrib\/"},"modified":"2024-08-18T09:36:11","modified_gmt":"2024-08-18T04:06:11","slug":"vijay-gautam-v-asst-cit-2023-222-ttj-191-151-taxmann-com-485-alltrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vijay-gautam-v-asst-cit-2023-222-ttj-191-151-taxmann-com-485-alltrib\/","title":{"rendered":"Vijay Gautam v. Asst. CIT (2023) 222 TTJ 191 \/ 151 Taxmann. com 485 (All)(Trib)"},"content":{"rendered":"<p>Held that where Commissioner (Appeals) allowed 40 per cent of undisclosed professional receipts, i. e. , Rs. 26. 06 lacs as deduction towards undisclosed\/unrecorded expenses from undisclosed professional receipts since assessee during year had withdrawn from undisclosed bank account only Rs. 6 lacs, no further relief could be granted to assessee. Interest from bank which was not offered to tax and Assessing Officer invoking provisions of section 69A treated interest income as assessee&#8217;s undisclosed receipts and brought same to tax, Assessing Officer is justified in his action. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69A : Unexplained money-Undisclosed professional receipts-40% of expenses are allowed on estimate basis-Interest income from bank addition is justified. [S. 28(i), 37(1)] <\/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-45471","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bPp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45471","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=45471"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45471\/revisions"}],"predecessor-version":[{"id":45472,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45471\/revisions\/45472"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}