{"id":50993,"date":"2025-02-08T16:34:01","date_gmt":"2025-02-08T11:04:01","guid":{"rendered":"https:\/\/itatonline.org\/digest\/diwan-saheb-fashions-p-ltd-v-acit-2024112-itr-12-sndelhitrib\/"},"modified":"2025-02-08T16:34:01","modified_gmt":"2025-02-08T11:04:01","slug":"diwan-saheb-fashions-p-ltd-v-acit-2024112-itr-12-sndelhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/diwan-saheb-fashions-p-ltd-v-acit-2024112-itr-12-sndelhitrib\/","title":{"rendered":"Diwan Saheb Fashions P. Ltd. v. ACIT (2024)112 ITR 12 (SN)(Delhi)(Trib)"},"content":{"rendered":"<p>Held that all requisite documents produced to prove cash deposits in bank account. No abnormality in trend of total cash deposits in immediately preceding year, during year and in succeeding years.\u00a0\u00a0 Furnished complete books of account including cash book, ledger, stock registers. Sales are subjected to value added tax\u00a0 and suffered sales tax. Goods purchased and sold are reflected as goods inward and goods outward in stock register with quantity and value. No allegation that assessee had received cash in Demonetised currency during demonetisation period. Entire cash deposits\u00a0 explained. Addition is deleted on the ground that no reason to restrict cash sales to figure reported for corresponding period in earlier year. \u00a0(AY.2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Cash Deposits-Demonetisation period-Cash sales explained-Basis of cash sales made in earlier financial year can not be adopted as a parameter for accepting cash sales made during year.<\/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-50993","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dgt","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50993","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=50993"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50993\/revisions"}],"predecessor-version":[{"id":50994,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50993\/revisions\/50994"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}