{"id":5062,"date":"2026-03-26T02:05:13","date_gmt":"2026-03-26T02:05:13","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=5062"},"modified":"2026-03-26T02:05:14","modified_gmt":"2026-03-26T02:05:14","slug":"income-tax-hc-jk-judgement-dated-11-03-2026-inflated-stock-statement-to-bank-justifies-income-addition-as-practice-held-commercial-immorality","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/03\/26\/income-tax-hc-jk-judgement-dated-11-03-2026-inflated-stock-statement-to-bank-justifies-income-addition-as-practice-held-commercial-immorality\/","title":{"rendered":"Income Tax, HC J&K Judgement Dated 11\/03\/2026 – Inflated Stock Statement to bank justifies income addition as practice held Commercial Immorality\u00a0"},"content":{"rendered":"\n

Case of Ajay Food Products vs ITO,\u00a0HC J&K Judgement Dated 11th<\/sup>\u00a0March 2026.<\/em>\u00a0HC dismissed the appeal challenging an addition made based on discrepancies between stock statements submitted to a bank and the stock recorded in the books of accounts.\u00a0HC ruled that inflating stock figures submitted to banks for higher credit limits constitutes \u2018commercial immorality\u2019 and constitutes undisclosed income. It held that precise, certified, and declared stock figures in bank statements cannot be later dismissed as mere estimates.\u00a0<\/p>\n\n\n\n

(Link: HC J&K Judgement Dated 11\/03\/2026)<\/em><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Case of Ajay Food Products vs ITO,\u00a0HC J&K Judgement Dated 11th\u00a0March 2026.\u00a0HC dismissed the appeal challenging an addition made based […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,15],"tags":[],"class_list":["post-5062","post","type-post","status-publish","format-standard","hentry","category-income-tax","category-judiciary"],"yoast_head":"\nIncome Tax, HC J&K Judgement Dated 11\/03\/2026 - 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