{"id":4705,"date":"2019-04-04T12:04:13","date_gmt":"2019-04-04T12:04:13","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-acquatic-remedies-pvt-ltd-2018-171-dtr-426-bom-hc\/"},"modified":"2019-04-04T12:04:13","modified_gmt":"2019-04-04T12:04:13","slug":"pcit-v-acquatic-remedies-pvt-ltd-2018-171-dtr-426-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-acquatic-remedies-pvt-ltd-2018-171-dtr-426-bom-hc\/","title":{"rendered":"PCIT v. Acquatic Remedies Pvt. Ltd. (2018) 171 DTR 426 (Bom.)(HC)"},"content":{"rendered":"<p><em>Dismissing the appeal of the revenue the Court held that the assessee has filed PAN\u00a0 no, Affidavit of investors, Acknowledgement\u00a0 of filing of return. Entire basis of revenue&#8217;s case was based on surmise that assessee was taking bogus purchase bills and cash was introduced in form of share capital without any evidence in support. Accordingly the\u00a0 deletion of addition by Tribunal is held to be justified. (AY. 2005 -06 to 2011-12)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Share Capital\u2014Survey &#8211; Bogus accommodation bills to various concerns including assessee and its sister companies\u2014PAN  no \u2013 Affidavit of investors- Acknowledgement  of filing of return -Deletion of addition by  the Tribunal is held to be 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-4705","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1dT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4705","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=4705"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4705\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}