{"id":55381,"date":"2025-07-15T10:57:53","date_gmt":"2025-07-15T05:27:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kailash-ramavatar-goenka-v-acit-2025-211-itd-317-ahd-trib-2\/"},"modified":"2025-07-15T10:57:53","modified_gmt":"2025-07-15T05:27:53","slug":"kailash-ramavatar-goenka-v-acit-2025-211-itd-317-ahd-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kailash-ramavatar-goenka-v-acit-2025-211-itd-317-ahd-trib-2\/","title":{"rendered":"Kailash Ramavatar Goenka. v. ACIT (2025) 211 ITD 317 (Ahd) (Trib.)"},"content":{"rendered":"<p>\u00a0Held that based on the transactions recorded in the seized material, diary notings, which are transfer within group\u00a0 which are\u00a0 taxed in respective entities. Once again addition\u00a0 based on same material is deleted. The Tribunal held that the\u00a0 CIT(A) is justified in\u00a0 adopting a profit rate of 30 per cent on total receipts, based on principle of taxing real income<strong>.<\/strong>(AY. 2016-17 to 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C: Unexplained expenditure-Un accounted cash-Seized material, diary notings-Transfer within group-Taxed in respective entities-Addition is deleted-Unexplained receipts and payments-Estimation  of gross receipts-CIT(A) is justified in  adopting a profit rate of 30 per cent on total receipts, based on principle of taxing real income.<\/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-55381","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-epf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55381","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=55381"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55381\/revisions"}],"predecessor-version":[{"id":55382,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55381\/revisions\/55382"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=55381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=55381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}