{"id":52628,"date":"2025-04-05T11:06:57","date_gmt":"2025-04-05T05:36:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/leelaben-kantilal-parekh-v-ito-2023-37-nypttj-1724-2024-227-ttj-257-smc-mumtrib\/"},"modified":"2025-04-05T11:06:57","modified_gmt":"2025-04-05T05:36:57","slug":"leelaben-kantilal-parekh-v-ito-2023-37-nypttj-1724-2024-227-ttj-257-smc-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/leelaben-kantilal-parekh-v-ito-2023-37-nypttj-1724-2024-227-ttj-257-smc-mumtrib\/","title":{"rendered":"Leelaben Kantilal Parekh v. ITO (2023) 37 NYPTTJ 1724 \/ (2024) 227 TTJ 257 (SMC) (Mum)(Trib)"},"content":{"rendered":"<p>Tribunal held that the sanction by Principal CIT is vali \u00a0and reassessment is valid. As regards the addition income is estimated at 10% of alleged bogus purchases.(AY.\u00a0 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C: Unexplained expenditure-Bogus purchases-Disallowance is restricted to 10 percent of alleged bogus purchases-Reassessment is valid-Sanction-Sanction granted by Principal CIT is valid.[S. 147, 148, 151]   <\/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-52628","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dGQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52628","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=52628"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52628\/revisions"}],"predecessor-version":[{"id":52629,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52628\/revisions\/52629"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}