{"id":52536,"date":"2025-04-05T10:20:45","date_gmt":"2025-04-05T04:50:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-naresh-jain-2024116-itr-307-jaipurtrib\/"},"modified":"2025-04-05T10:20:45","modified_gmt":"2025-04-05T04:50:45","slug":"acit-v-naresh-jain-2024116-itr-307-jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-naresh-jain-2024116-itr-307-jaipurtrib\/","title":{"rendered":"ACIT v. Naresh Jain (2024)116 ITR 307 (Jaipur)(Trib)"},"content":{"rendered":"<p>Held that Rule\u00a027\u00a0of the\u00a0Income-tax (Appellate Tribunal) Rules, 1963,supported the assessee\u2019s case since the issue was inherently related to the ground taken by the assessee before the Commissioner (Appeals), who deleted the additions on the merits but decided the legal aspect against the assessee. The assessee\u00a0 can argue the issue\u00a0 in the absence of any appeal or cross-objection filed by the assessee. Merely on the basis of statement in the course of survey addition cannot be made.Tribunal also held that the\u00a0 Assessing Officer cannot ignore the registered document. Transaction pertaining to eight years prior to\u00a0\u00a0 assessment year no addition can be made.\u00a0 Marriage expenses of son\u00a0 is recorded in books of assessee\u2019s wife\u2019s proprietary concern hence the\u00a0\u00a0 deletion is affirmed. CIT(A) is justified in giving\u00a0 telescoping benefits to additional income and undisclosed outgoings.<em>(<\/em>AY.2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69 : Unexplained investments-Appellate Tribunal-Cross appeal or cross objection-Right of assessee to support order on issue decided against him-Survey-Statement has no evidentiary value-Source of payment-Assessing Officer cannot ignore the registered document-Transaction pertaining to eight years prior to   assessment year-Addition is deleted-Marriage expenses of son-expenditure recorded in books of assessee\u2019s wife\u2019s proprietary concern-Deletion is affirmed-Telescoping benefits to additional income and undisclosed outgoings.  [S. 69C  131, 133A (3)(iii),   254(1), ITAT R. 27] <\/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-52536","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dFm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52536","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=52536"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52536\/revisions"}],"predecessor-version":[{"id":52537,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52536\/revisions\/52537"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}