{"id":50331,"date":"2025-01-28T14:53:27","date_gmt":"2025-01-28T09:23:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/a-p-knit-fab-v-dy-cit-2024-111-itr46-chadtrib\/"},"modified":"2025-01-28T14:53:27","modified_gmt":"2025-01-28T09:23:27","slug":"a-p-knit-fab-v-dy-cit-2024-111-itr46-chadtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/a-p-knit-fab-v-dy-cit-2024-111-itr46-chadtrib\/","title":{"rendered":"A. P. Knit Fab v Dy. CIT (2024) 111 ITR46 (Chad)(Trib)"},"content":{"rendered":"<p>Held \u00a0that the income surrendered on account of investment in excess stock in the course of survey could not be brought to tax under the deeming provisions of section\u00a069B\u00a0of the Act and had to be assessed to tax under the head \u201cBusiness income\u201d. The question of the application of section\u00a0115BBE\u00a0of the Act did not arise and the normal tax rate applied.(AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69B : Amounts of investments not fully disclosed in books of account-Excess stock-Survey-Deeming provision would not apply-Assessable at normal rates as business income. [S.115BBE,133A] <\/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-50331","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-d5N","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50331","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=50331"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50331\/revisions"}],"predecessor-version":[{"id":50332,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50331\/revisions\/50332"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}