{"id":8683,"date":"2019-12-18T11:38:04","date_gmt":"2019-12-18T11:38:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-rashmi-metaliks-ltd-2019-72-itr-226-201-ttj-160-kol-trib-dy-cit-v-ramani-joseph-2019-72-itr-226-201-ttj-160-kol-trib\/"},"modified":"2019-12-18T11:38:04","modified_gmt":"2019-12-18T11:38:04","slug":"dy-cit-v-rashmi-metaliks-ltd-2019-72-itr-226-201-ttj-160-kol-trib-dy-cit-v-ramani-joseph-2019-72-itr-226-201-ttj-160-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-rashmi-metaliks-ltd-2019-72-itr-226-201-ttj-160-kol-trib-dy-cit-v-ramani-joseph-2019-72-itr-226-201-ttj-160-kol-trib\/","title":{"rendered":"Dy.  CIT v.  Rashmi Metaliks Ltd.  (2019) 72 ITR 226 \/ 201 TTJ 160 (Kol.)(Trib.) Dy.  CIT v.  Ramani Joseph (2019) 72 ITR 226 \/ 201 TTJ 160 (Kol.)(Trib.)"},"content":{"rendered":"<p>When no incriminating material is found during the course of the search then the additions if any made by the Assessing Officer are unsustainable and are liable to be deleted.<\/p>\n<p>The assessee must be allowed to cross examine third party entry operators who make statements which are relied upon by the AO while passing an assessment order and in the absence of such cross examination no addition can be levied.<\/p>\n<p>If undisclosed income has already been added to the total income of the share applicant then the same income cannot be added to the income of the investee company and be subject to double taxation. (AY. \u00a02008-09 to 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A : Assessment\u2013Search-Share application money\u2013No incriminating material was found\u2013Addition cannot be made\u2013Opportunity to cross examination must be given of the entry operators. [S. 68,  132]<\/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-8683","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2g3","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8683","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=8683"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8683\/revisions"}],"predecessor-version":[{"id":8684,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8683\/revisions\/8684"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}