{"id":7538,"date":"2019-09-28T07:04:42","date_gmt":"2019-09-28T07:04:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-gupta-and-co-pvt-ltd-2019-70-itr-608-dehitrib\/"},"modified":"2019-09-28T07:04:42","modified_gmt":"2019-09-28T07:04:42","slug":"dy-cit-v-gupta-and-co-pvt-ltd-2019-70-itr-608-dehitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-gupta-and-co-pvt-ltd-2019-70-itr-608-dehitrib\/","title":{"rendered":"Dy.CIT v. Gupta And Co. Pvt. Ltd. (2019) 70 ITR 608 (Dehi)(Trib.)"},"content":{"rendered":"<p>It was held that the seized material contained notings in respect to certain unaccounted sales. The assessment order did not bring on record any such seized material which showed sales outside the books corresponding to each and every sale. Since section\u00a0153A\u00a0of the\u00a0Income-tax Act, 1961\u00a0can be invoked only with respect to the incriminating material found during the course of the search, and extrapolation without any incriminating material would be contrary to the spirit of the section. Hence, the Commissioner (Appeals) was justified in confining the addition to the income that arose from unaccounted sales recorded in the seized documents and dismissing the extrapolation made by the Assessing Officer. (AY. 2008-09, 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A : Assessment\u2013Search or requisition-Unaccounted sales- Seized documents containing both accounted as well as unaccounted sales-No material on record suggesting sales made over and above sales recorded in seized documents-Addition to be confined to income from unaccounted sales recorded in seized documents search and seizure.<\/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-7538","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1XA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7538","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=7538"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7538\/revisions"}],"predecessor-version":[{"id":7539,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7538\/revisions\/7539"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}