{"id":52352,"date":"2025-03-24T12:46:14","date_gmt":"2025-03-24T07:16:14","guid":{"rendered":"https:\/\/itatonline.org\/digest\/prakash-khatri-v-pcit-2024-115-itr-1-snahdtrib\/"},"modified":"2025-03-24T12:46:14","modified_gmt":"2025-03-24T07:16:14","slug":"prakash-khatri-v-pcit-2024-115-itr-1-snahdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/prakash-khatri-v-pcit-2024-115-itr-1-snahdtrib\/","title":{"rendered":"Prakash Khatri v. PCIT (2024) 115 ITR 1 (SN)(Ahd)(Trib)"},"content":{"rendered":"<p>Held, that the sale of property is\u00a0 not done by the assessee, but V, whose relevant form 26AS was also produced confirming the buyer\u2019s deduction of tax at source at 1 per cent.\u00a0 The sale deed showed that the assessee\u2019s name was nowhere reflected in the registered sale deed. In addition, the letter from the Sub-Registrar stated that on that specified date there was no property transaction made by the assessee. Revision order is quashed. AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash credits-Sale of property-Showing company as seller-26AS showing tax deducted at source-Sub-Registrar\u2019s Letter stating no sale transaction is specified-Incorrect income calculation rectifiable-Revision order is quashed. [S. 154] <\/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-52352","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dCo","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52352","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=52352"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52352\/revisions"}],"predecessor-version":[{"id":52353,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52352\/revisions\/52353"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}