{"id":61726,"date":"2026-07-04T10:20:24","date_gmt":"2026-07-04T04:50:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-ludhiana-beverages-p-ltd-2025-235-ttj-535-amritsartrib-2\/"},"modified":"2026-07-04T10:20:24","modified_gmt":"2026-07-04T04:50:24","slug":"acit-v-ludhiana-beverages-p-ltd-2025-235-ttj-535-amritsartrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-ludhiana-beverages-p-ltd-2025-235-ttj-535-amritsartrib-2\/","title":{"rendered":"ACIT v Ludhiana Beverages (P) Ltd. (2025) 235 TTJ 535 (Amritsar)(Trib)"},"content":{"rendered":"<p>GP rate disclosed by the assessee in the relevant year being more than its average GP rate of the past six years, the gross profit declared by the assessee is to be accepted, and no addition on account of GP rate is called for. Purchase invoices were produced before the Assessing Officer; hence there is no violation of R.46A.<strong>\u00a0\u00a0\u00a0 <\/strong>Since the assessee&#8217;s books of accounts have been rejected by applying s. 145(3) and the gross profit has been estimated on the basis of past history of the assessee at a certain percentage; the books results are deemed to have been the claim of the assessee to allow ERP software expenses as revenue expenditure cannot be accepted. \u00a0(AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145: Method of accounting-Rejection of books of account-Estimation of gross profit-No comparative cases-GP declared was more than earlier years-Addition was deleted-ERP software expenses as revenue expenditure cannot be accepted-Purchase invoices were produced before the Assessing Officer-No violation of R.46A   [S.37 (1), 145(3)  251, R.46A] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61726","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g3A","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61726","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=61726"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61726\/revisions"}],"predecessor-version":[{"id":61727,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61726\/revisions\/61727"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}