{"id":52526,"date":"2025-04-05T10:15:28","date_gmt":"2025-04-05T04:45:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-pragyawan-technologies-p-ltd-2024116-itr-9-sndelhitrib\/"},"modified":"2025-04-05T10:15:28","modified_gmt":"2025-04-05T04:45:28","slug":"dy-cit-v-pragyawan-technologies-p-ltd-2024116-itr-9-sndelhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-pragyawan-technologies-p-ltd-2024116-itr-9-sndelhitrib\/","title":{"rendered":"Dy. CIT v. Pragyawan Technologies P. Ltd. (2024)116 ITR 9 (SN)(Delhi)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 the Assessing Officer has\u00a0 merely\u00a0 relied on\u00a0 repot of the\u00a0 Investigation Wing\u2019s report and come to the\u00a0 conclusion that\u00a0 the lender entities were not in existence.\u00a0 The Tribunal held\u00a0 the parties are not related. The amount\u00a0 was repaid in subsequent year. Merely because\u00a0 failure to produce the directors of lender companies., addition need not be made. The assessee need not prove source of source.\u00a0 Order of CIT(A) deleting the addition is affirmed \u00a0(AY.2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Information from investigation wing-Amount repaid in subsequent year-Failure to produce the directors of lender companies-Need not prove source of source-Order of CIT(A) deleting the addition is affirmed.  [S. 131(d), 133(6)] <\/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-52526","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dFc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52526","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=52526"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52526\/revisions"}],"predecessor-version":[{"id":52527,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52526\/revisions\/52527"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}