{"id":7365,"date":"2019-09-24T06:15:29","date_gmt":"2019-09-24T06:15:29","guid":{"rendered":"http:\/\/itatonline.org\/digest\/alfa-bhoj-ltd-v-dcit-2019-307-ctr-531-175-dtr-197-delhihc\/"},"modified":"2019-09-24T06:15:29","modified_gmt":"2019-09-24T06:15:29","slug":"alfa-bhoj-ltd-v-dcit-2019-307-ctr-531-175-dtr-197-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/alfa-bhoj-ltd-v-dcit-2019-307-ctr-531-175-dtr-197-delhihc\/","title":{"rendered":"Alfa Bhoj Ltd. v. DCIT (2019) 307 CTR 531 \/ 175 DTR 197 (Delhi)(HC)"},"content":{"rendered":"<p>Held by the Court that, as it is accepted by Assessee that the bogus share capital received on different days amounted to Rs. 5.72 crores; which was not returned or refunded, hence assessee\u2019s contention that there was rotation of money and only bogus share capital of Rs. 1.55 crores should have been added as undisclosed credit under Section 68 of the Act is not sustainable (ITA No. 27 of 2019 dt. 16-01-2019) (AY. 2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits\u2013Bogus share capital being Rs. 5.72 crores which was not returned or refunded\u2013Assessee\u2019s contention that additions be restricted considering peak credit as there was rotation of money is not sustainable.<\/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":[1],"tags":[],"class_list":["post-7365","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1UN","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7365","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=7365"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7365\/revisions"}],"predecessor-version":[{"id":7366,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7365\/revisions\/7366"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}