{"id":8020,"date":"2019-11-02T07:43:16","date_gmt":"2019-11-02T07:43:16","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-janam-steel-and-alloys-2019-108-taxmann-com-349-265-taxman-552-guj-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-janam-steel-and-alloys-2019-265-taxman-551-sc\/"},"modified":"2019-11-02T07:43:16","modified_gmt":"2019-11-02T07:43:16","slug":"pcit-v-janam-steel-and-alloys-2019-108-taxmann-com-349-265-taxman-552-guj-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-janam-steel-and-alloys-2019-265-taxman-551-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-janam-steel-and-alloys-2019-108-taxmann-com-349-265-taxman-552-guj-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-janam-steel-and-alloys-2019-265-taxman-551-sc\/","title":{"rendered":"PCIT  v. Janam Steel and Alloys  (2019) 108  taxmann.com 349 \/ 265 Taxman 552 (Guj.)(HC)   Editorial : SLP is granted to the revenue; PCIT v. Janam Steel and Alloys  (2019)  265 Taxman 551 (SC)"},"content":{"rendered":"<p>AO made addition to assessee&#8217;s income on account of discrepancy in stock as per books of account of assessee and that shown in bank statements. Tribunal deleted said addition by taking a view that assessee had tendency to show higher value of stock in bank statements in order to enjoy higher cash credit limit. High Court upheld order passed by Tribunal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145 : Method of accounting\u2013Stock valuation-Cash credit limits-Discrepancy in stock as per books of account of assessee and that shown in bank statements\u2013Deletion of addition is held to be justified.<\/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-8020","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-25m","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8020","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=8020"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8020\/revisions"}],"predecessor-version":[{"id":8021,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8020\/revisions\/8021"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}