{"id":62215,"date":"2026-07-18T15:34:24","date_gmt":"2026-07-18T10:04:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-ingeneric-technologies-solutions-p-ltd-2025-132-itr-794hyd-trib\/"},"modified":"2026-07-18T15:34:24","modified_gmt":"2026-07-18T10:04:24","slug":"dcit-v-ingeneric-technologies-solutions-p-ltd-2025-132-itr-794hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-ingeneric-technologies-solutions-p-ltd-2025-132-itr-794hyd-trib\/","title":{"rendered":"DCIT v. Ingeneric Technologies Solutions P. Ltd. (2025) 132 ITR 794(Hyd) (Trib.)"},"content":{"rendered":"<p style=\"margin: 0in;margin-bottom: .0001pt;text-align: justify;line-height: 150%\"><span lang=\"EN-IN\" style=\"font-family: &#039;Verdana&#039;,sans-serif\">Cash deposits of Rs. 1.40 crores were added under section 68, the assessee&#8217;s explanation of scrap sales being unsupported by buyers\u2019 details or Form 27EQ filings, and Rs. 43 lakhs paid in cash to another entity was added under section 69A, both deleted by CIT(A). On appeal, the Tribunal held that since the assessee failed to substantiate the scrap sale claim with any statutory evidence, the matter was remanded for verification, to be deleted only if the assessee established the sales formed part of its regular books; and since AO had actually discussed the Rs. 43 lakhs issue in the SCN and given a hearing, the technical ground for deletion did not survive, and this too was remanded for fresh verification. (AY. 2016-17)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits-Unexplained money-Cash deposits claimed as sale of scrap to unorganised dealers, accounted as &#8220;direct income&#8221;-No buyers&#8217; details, tax collected at source information or Form 27EQ filed-Explanation unsupported-Matter remanded for fresh verification-Reassessment-Notice-Addition deleted by Commissioner (Appeals) on technical ground of non-mention in show-cause notice-Assessing Officer had in fact discussed issue and afforded opportunity-Matter remanded for fresh verification  [S. 69, 69A, 115BBE, 147 , 148 , 206C]<\/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-62215","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gbt","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62215","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=62215"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62215\/revisions"}],"predecessor-version":[{"id":62216,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62215\/revisions\/62216"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}