{"id":9357,"date":"2020-01-31T13:12:29","date_gmt":"2020-01-31T13:12:29","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-shree-rajalakshmi-textile-park-pvt-ltd-2020-bcaj-january-p-46-bom-hc\/"},"modified":"2020-01-31T13:12:29","modified_gmt":"2020-01-31T13:12:29","slug":"pcit-v-shree-rajalakshmi-textile-park-pvt-ltd-2020-bcaj-january-p-46-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-shree-rajalakshmi-textile-park-pvt-ltd-2020-bcaj-january-p-46-bom-hc\/","title":{"rendered":"PCIT v. Shree Rajalakshmi Textile Park Pvt Ltd ( 2020) BCAJ-January -P. 46 ( Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that , the assessee has proved, identity , genuineness \u00a0of \u00a0transaction, creditworthiness \u00a0of the share application money and share premium hence deletion of addition by the Tribunal is held to be justified . Addition cannot be made as cash credits . (ITA No 4607 \/Mum\/2012 AY. 2008 -09 dt 18 -10 2016) ITA No 991 of 2017 dt 4-11-2019 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits \u2013 Share application money and share premium- Identity , genuineness  of  transaction, creditworthiness  is proved \u2013 Deletion 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-9357","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2qV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9357","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=9357"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9357\/revisions"}],"predecessor-version":[{"id":9358,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9357\/revisions\/9358"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}