{"id":51029,"date":"2025-02-08T16:40:25","date_gmt":"2025-02-08T11:10:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-base-industries-ltd-2024112-itr-56-snsurattrib\/"},"modified":"2025-02-08T16:40:25","modified_gmt":"2025-02-08T11:10:25","slug":"ito-v-base-industries-ltd-2024112-itr-56-snsurattrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-base-industries-ltd-2024112-itr-56-snsurattrib\/","title":{"rendered":"ITO v. BASE Industries Ltd. (2024)112 ITR 56 (SN)(Surat)(Trib)"},"content":{"rendered":"<p>Failure to substantiate the book results, the AO estimated the profit at 3 Per Cent. CIT(A) deleted the addition. On appeal by the Revenue the Tribunal held that CIT(A) simply accepted the\u00a0 explanation of assessee without any valid reasons. Order of the AO is affirmed.\u00a0 (AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting-Rejection of books of account-Estimation of profits at 3 Per Cent by the Assessing Officer is affirmed. [S.44AA, 145(3)] <\/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-51029","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dh3","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51029","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=51029"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51029\/revisions"}],"predecessor-version":[{"id":51030,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51029\/revisions\/51030"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}