{"id":52248,"date":"2025-03-24T12:17:50","date_gmt":"2025-03-24T06:47:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-shree-banke-bihari-infracon-p-ltd-2024115-itr-223-163-taxmann-com-344-raipurtrib\/"},"modified":"2025-03-24T12:17:50","modified_gmt":"2025-03-24T06:47:50","slug":"ito-v-shree-banke-bihari-infracon-p-ltd-2024115-itr-223-163-taxmann-com-344-raipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-shree-banke-bihari-infracon-p-ltd-2024115-itr-223-163-taxmann-com-344-raipurtrib\/","title":{"rendered":"ITO v. Shree Banke Bihari Infracon P. Ltd. (2024)115 ITR 223 \/ 163 taxmann.com 344 (Raipur)(Trib)"},"content":{"rendered":"<p>Held that the\u00a0 assessee discharged the burden cast upon it by filing\u00a0 confirmation of share applicant, bank statement, return of income, financial statements of investor company, share application forms, Permanent Account Number, memorandum and articles of association, board resolution and return of allotment in Form 2\u00a0 etc. Order of CIT(A) deleting the addition is affirmed.\u00a0 As regards the jurisdictional issue the\u00a0 assessee has not raised the issue within time of one month from date on which it was served with notice under Section\u00a0<a href=\"https:\/\/www.taxlawsonline.com\/Income-tax%20Act,%201961-142-1\">142(1)<\/a>\u00a0 hence the\u00a0 assessment\u00a0 is valid.\u00a0\u00a0 (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Share Capital-Share premium-Explained the source and capacity-Addition is not valid-Assessment jurisdiction-Issue of jurisdiction was not raised within stipulated time-Assessment is valid.[S. 124(3),  142(1) 143(2), 143(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-52248","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dAI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52248","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=52248"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52248\/revisions"}],"predecessor-version":[{"id":52249,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52248\/revisions\/52249"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}