{"id":57211,"date":"2025-10-19T07:40:05","date_gmt":"2025-10-19T02:10:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/estate-investment-co-pvt-ltd-v-dcit-mumtrib-www-itatonline-org-2\/"},"modified":"2025-10-19T07:40:05","modified_gmt":"2025-10-19T02:10:05","slug":"estate-investment-co-pvt-ltd-v-dcit-mumtrib-www-itatonline-org-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/estate-investment-co-pvt-ltd-v-dcit-mumtrib-www-itatonline-org-2\/","title":{"rendered":"Estate Investment Co. Pvt. Ltd. v. DCIT (Mum)(Trib) www.itatonline.org"},"content":{"rendered":"<p>The Assessing Officer treated a diary entry of \u20b9 2.50 lakh as unexplained money under section 69A. The Tribunal found that the entry represented internal circulation of cash within the group and not an independent receipt by the assessee. As no corroborative evidence or verification of the alleged parties was made, the addition was purely on conjecture. Following \u00a0PCIT v. Umesh Ishrani [(2019) 108 taxmann.com 437 (Bom)( HC), \u00a0and <strong data-start=\"3298\" data-end=\"3337\">Harish Textile Engineers Ltd v.DCIT <\/strong>\u00a0[(2015) 63 taxmann.com 66 (Bom(HC) it was held that suspicion, however strong, cannot replace proof. The addition was accordingly deleted. .( <em>ITA Nos. 3012\u20133013 &amp; 3222\u20133228\/Mum\/2025 dt. 17-10-2025) \u00a0( AY. 2014-15 to 2022-23) <\/em><strong><\/p>\n<p><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69A : Unexplained money \u2013 Rough diary notings \u2013 Internal circulation of funds \u2013Statement in the Course of search \u2013 Statement retracted &#8211;  Addition unsustainable.[ S. 132,  132(4), 132(4A)  ] <\/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-57211","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eSL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57211","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=57211"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57211\/revisions"}],"predecessor-version":[{"id":57212,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57211\/revisions\/57212"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=57211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=57211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=57211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}