{"id":10685,"date":"2020-03-22T06:40:35","date_gmt":"2020-03-22T06:40:35","guid":{"rendered":"http:\/\/itatonline.org\/digest\/alpex-international-p-ltd-v-acit-2020-180-itd-844-mum-trib-3\/"},"modified":"2020-03-22T06:40:35","modified_gmt":"2020-03-22T06:40:35","slug":"alpex-international-p-ltd-v-acit-2020-180-itd-844-mum-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/alpex-international-p-ltd-v-acit-2020-180-itd-844-mum-trib-3\/","title":{"rendered":"Alpex International (P.) Ltd. v. ACIT (2020) 180 ITD 844 (Mum.) (Trib.)"},"content":{"rendered":"<p>Assessee claimed deduction of interest paid on secured and unsecured loan.\u00a0 AO held that interest bearing fund for advancing loans to related entities at much lower rate of interest than rate of interest at which it had availed loan hence he worked out proportionate interest disallowance. In appellate proceedings the assessee raised a plea that it had sufficient interest free funds available to make such advances. Tribunal held that r since aforesaid plea raised by assessee had not been factually verified by authorities below, impugned disallowance was to be deleted and, matter was to be remanded back for disposal afresh.(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital\u2013Sufficient interest free funds-Interest free advances-Advance of loan to related parties\u2013 Matter remanded  back for disposal afresh. <\/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-10685","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Ml","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10685","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=10685"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10685\/revisions"}],"predecessor-version":[{"id":10686,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10685\/revisions\/10686"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}