{"id":10030,"date":"2020-02-22T09:20:08","date_gmt":"2020-02-22T09:20:08","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-seven-seas-distillery-p-ltd-2020-ctcj-january-p-86-mad-hc\/"},"modified":"2020-03-01T00:25:15","modified_gmt":"2020-03-01T00:25:15","slug":"cit-v-seven-seas-distillery-p-ltd-2020-ctcj-january-p-86-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-seven-seas-distillery-p-ltd-2020-ctcj-january-p-86-mad-hc\/","title":{"rendered":"CIT v. Seven Seas Distillery P. Ltd ( 2020) CTCJ-January-P. 86 \/ 185 DTR 105\/ 312 CTR 272 (Mad.)(HC)"},"content":{"rendered":"<p>The AO disallowed the payment of interest for non deduction of tax at source in respect of payment of interest.\u00a0 Tribunal held that interest payment on foreign currency loan is exempt u\/s 10(15) (f) of the Act. On appeal by the revenue, dismissing the appeal the Court held that even if loan taken for working capital loan earlier the exemption given of the \u00a0ministry of finance\u00a0 hence the order of tribunal is affirmed. (TA No. 2025 of 2008 dt 3-12-2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(i) : Amounts not deductible-Interest-Party residing outside India\u2013Exemption from Ministry of Finance\u2013Not liable to deduct tax at source. [S. 10(15)(f), 195]<\/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-10030","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2BM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10030","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=10030"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10030\/revisions"}],"predecessor-version":[{"id":10163,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10030\/revisions\/10163"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}