{"id":8243,"date":"2019-11-16T13:34:04","date_gmt":"2019-11-16T13:34:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/agson-global-pvt-ltd-v-acit-delhitribwww-itatonline-org\/"},"modified":"2020-03-16T10:27:38","modified_gmt":"2020-03-16T10:27:38","slug":"agson-global-pvt-ltd-v-acit-delhitribwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/agson-global-pvt-ltd-v-acit-delhitribwww-itatonline-org\/","title":{"rendered":"Agson Global Pvt. Ltd. v. ACIT (2019) 76 ITR 504 (Delhi)(Trib),www.itatonline.org"},"content":{"rendered":"<p><strong>Tribunal held\u00a0 that\u00a0 Photocopies of blank share transfer forms, blank signed receipts etc necessary for transfer of shares found with assessee are not admissible as evidence u\/s 61 of Evidence Act and not incriminating in nature- All investors are assessed &amp; have filed confirmations with trail of funds- AO did not make further inquiry into the documentary evidences or verify the trail of source of funds-Addition is held to be not justified . <\/strong>Decision in PCIT v. NRA iron and steel (2019) 103 taxmann.com 48(SC) and\u00a0 decision in \u00a0NDR promoters private limited (2019) \u2013 TIOL \u2013 172\u00a0 (Delhi ) (HC)\u00a0 is considered.( ITA No. 3741to 3746\/Del\/2019 (assessee) ITA No. 5264 to 5269\/Del\/2019 (Revenue) , dt.\u00a0 31.10.2019) (AY. 2012-13 to 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits \u2013 Share capital \u2013 Share premium- Additional grounds -Photocopies of blank share transfer forms, blank signed receipts etc necessary for transfer of shares found with assessee are not admissible as evidence u\/s 61 of Evidence Act and not incriminating in nature- All investors are assessed &#038; have filed confirmations with trail of funds- AO did not make further inquiry into the documentary evidences or verify the trail of source of funds-Addition is held to be not justified .  [ S.132(4) ,145A,  153A Evidence Act ,S.61 ].<\/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-8243","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-28X","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8243","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=8243"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8243\/revisions"}],"predecessor-version":[{"id":10471,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8243\/revisions\/10471"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}