{"id":54511,"date":"2025-05-22T16:04:51","date_gmt":"2025-05-22T10:34:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shankar-traders-distributors-p-ltd-v-ito-2025-210-itd-41-kol-trib-2\/"},"modified":"2025-05-22T16:04:51","modified_gmt":"2025-05-22T10:34:51","slug":"shankar-traders-distributors-p-ltd-v-ito-2025-210-itd-41-kol-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shankar-traders-distributors-p-ltd-v-ito-2025-210-itd-41-kol-trib-2\/","title":{"rendered":"Shankar Traders &#038; Distributors (P.) Ltd. v. ITO (2025) 210 ITD 41 (Kol.) (Trib.)"},"content":{"rendered":"<p>Where assessee, an NBFC issued equity shares with a premium and Assessing Officer treated share capital as unexplained cash credits under section 68 due to concerns over low revenue, since assessee demonstrated identity, creditworthiness, and genuineness of share applicants, who had sufficient net worth, and were registered with MCA, addition made under section 68 was to be deleted (AY .2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68: Cash credits -Share application- Share premium- Identity and creditworthiness and genuineness is established \u2013 Addition is deleted.  <\/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-54511","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ebd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54511","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=54511"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54511\/revisions"}],"predecessor-version":[{"id":54512,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54511\/revisions\/54512"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}