{"id":52520,"date":"2025-04-05T10:14:36","date_gmt":"2025-04-05T04:44:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/samrat-finvestors-p-ltd-v-ito-2024116-itr-650-koltrib\/"},"modified":"2025-04-05T10:14:36","modified_gmt":"2025-04-05T04:44:36","slug":"samrat-finvestors-p-ltd-v-ito-2024116-itr-650-koltrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/samrat-finvestors-p-ltd-v-ito-2024116-itr-650-koltrib\/","title":{"rendered":"Samrat Finvestors P. Ltd. v. ITO (2024)116 ITR 650 (Kol)(Trib)"},"content":{"rendered":"<p>Held that the Assessing Officer disbelieved the explanation merely on the basis of reports from Investigation Wing and Securities and Exchange Board of\u00a0 India.\u00a0 Neither an\u00a0 independent enquiry is carried\u00a0 by the Assessing Officer\u00a0 nor any\u00a0 incriminating material is found against the assessee. Disallowance of loss is deleted. PCIT v. Swati Bajaj (2022) 446 ITR 56 (Cal)(HC) is distinguished.\u00a0\u00a0 As there is no exempt income no disallowance can be made u\/s 14A of the Act. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Capital gains-Loss on sale of shares-Price rigging-Reports from Investigation Wing and Securities and Exchange Board of  India-No independent enquiry-No incriminating material-Disallowance of loss is deleted-No exempt income-No disallowance can be made.  [S. 10(38), 14A,, 45, 133(6),  R.8D] <\/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-52520","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dF6","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52520","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=52520"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52520\/revisions"}],"predecessor-version":[{"id":52521,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52520\/revisions\/52521"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}