{"id":49707,"date":"2025-01-11T13:15:06","date_gmt":"2025-01-11T07:45:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-pravin-u-parmar-jain-bom-hc-www-itatonline-org\/"},"modified":"2025-01-11T13:15:06","modified_gmt":"2025-01-11T07:45:06","slug":"pcit-v-pravin-u-parmar-jain-bom-hc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-pravin-u-parmar-jain-bom-hc-www-itatonline-org\/","title":{"rendered":"PCIT v. Pravin U. Parmar ( Jain) ( Bom)( HC) www.itatonline .org ."},"content":{"rendered":"<p>The ITAT has restricted the addition only to the extent of 7 % of GP in respect of alleged bogus purchases . On appeal by the Revenue the dismissing the appeal \u00a0the Court held that no substantial question of law arises from the order of the Tribunal . Honourable Court relied on \u00a0PCIT v. SVD Resins &amp; Plastics Pvt Ltd \u00a0(2024) 300 Taxman 503 (Bom)( HC)\u00a0 (1662 of 2018 dt.7 -8 -2024) \u00a0&amp; Ashok Kumar Rungta v .ITO (2024) 301 Taxman 580 (Bom)( HC) ) (1753 of 2018 \u00a0dt 15 -10 -2024 ) \u00a0(ITA No.1015 of 2018 dt .9-1 -2025 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure \u2013 Bogus purchases \u2013 Order of Tribunal affirming the 7% of GP rate is affirmed \u2013 No substantial question of law .[ S.143(3), 260A ] <\/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-49707","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cVJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49707","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=49707"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49707\/revisions"}],"predecessor-version":[{"id":49708,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49707\/revisions\/49708"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}