{"id":5433,"date":"2019-05-17T09:51:48","date_gmt":"2019-05-17T09:51:48","guid":{"rendered":"http:\/\/itatonline.org\/digest\/meghraj-singh-shekhawat-v-dcit-2019-175-itd-693-jaipur-trib\/"},"modified":"2019-07-21T15:11:41","modified_gmt":"2019-07-21T15:11:41","slug":"meghraj-singh-shekhawat-v-dcit-2019-175-itd-693-jaipur-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/meghraj-singh-shekhawat-v-dcit-2019-175-itd-693-jaipur-trib\/","title":{"rendered":"Meghraj Singh Shekhawat v. DCIT (2019) 175 ITD 693 \/ 197 TTJ 278 (Jaipur)    (Trib.)"},"content":{"rendered":"<p>On the basis of information from Investigation Wing the AO added amount of long-term capital gain\u00a0 as cash credits and also estimated commission. CIT(A) affirmed the order of the AO. On appeal by the assessee, allowing the claim of the assessee the Tribunal held that\u00a0 the\u00a0 shares were purchased by account payee cheque, transaction was credited in DMAT account, opportunity of cross examination was not given. Accordingly the sale transaction cannot be treated as bogus merely on the basis of suspicious or surmises. Estimation of commission was also deleted. (AY. 2013-14, 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-  cash credits\u2013Bogus accommodation entries- Penny stock &#8211; Sale of shares-Purchase by account payee cheque\u2013 Transaction was credited in DMAT account-Opportunity of cross examination was not given-Sale transaction cannot be treated as bogus merely on the basis  of suspicious or surmises-Addition was deleted\u2013Estimation of commission was also deleted. [S. 10 (38), 68, 69C, 132(4)]<\/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":[1],"tags":[],"class_list":["post-5433","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1pD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5433","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=5433"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5433\/revisions"}],"predecessor-version":[{"id":6217,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5433\/revisions\/6217"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}