{"id":9793,"date":"2020-02-11T05:41:17","date_gmt":"2020-02-11T05:41:17","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ito-v-bhagwat-marcom-p-ltd-2019-178-itd-684-kol-trib\/"},"modified":"2020-02-11T05:41:17","modified_gmt":"2020-02-11T05:41:17","slug":"ito-v-bhagwat-marcom-p-ltd-2019-178-itd-684-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-bhagwat-marcom-p-ltd-2019-178-itd-684-kol-trib\/","title":{"rendered":"ITO v. Bhagwat Marcom (P.) Ltd. (2019) 178 ITD 684 (Kol.) (Trib.)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held that the consideration for issue of shares\u00a0 at premium\u00a0 by passing journal entries and it did not involve any credit to cash account . Accordingly there being no real inflow of cash involved in aforesaid transactions, amount of entry could not be treated as unexplained cash credit. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 68 : Cash credits\u2013Share application money\u2013Issue of shares at premium-Journal entries\u2013No inflow of cash-Deletion of addition is held to be justified.  [S. 131]<\/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-9793","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2xX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9793","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=9793"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9793\/revisions"}],"predecessor-version":[{"id":9794,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9793\/revisions\/9794"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}