{"id":10928,"date":"2020-04-02T06:36:18","date_gmt":"2020-04-02T06:36:18","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ats-infrastructure-ltd-v-acit-2020-77-itr-70-sn-delhitrib-2\/"},"modified":"2020-04-02T06:36:18","modified_gmt":"2020-04-02T06:36:18","slug":"ats-infrastructure-ltd-v-acit-2020-77-itr-70-sn-delhitrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ats-infrastructure-ltd-v-acit-2020-77-itr-70-sn-delhitrib-2\/","title":{"rendered":"ATS Infrastructure Ltd. v. ACIT (2020) 77 ITR 70 (SN) (Delhi)(Trib.)"},"content":{"rendered":"<p>The Tribunal held that the assessee had sufficient funds of its own. When interest-free funds are available to the assessee which were sufficient to make its investments, the presumption is that the investments were made from the interest-free funds available with the assessee. There was no justification to sustain the addition. Followed \u00a0CIT v. Reliance utilities and Power Ltd.\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/%5b2009%5d%20313%20ITR%200340\">(2009) \u00a0313 ITR 340<\/a>\u00a0(Bom.)(HC), Munjal Sales Corporation v. CIT (<a href=\"http:\/\/www.taxlawsonline.com\/%5b2008%5d%20298%20ITR%200298\">2008) 298 ITR 298<\/a>\u00a0(SC) and CIT (LTU) v. Reliance Industries Ltd.\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/%5b2019%5d%20410%20ITR%200466\">(2019) 410 ITR 466<\/a>\u00a0(SC). \u00a0(AY.2012-13 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Interest free loans and advances to related party-Free funds available-Presumption that investments from interest-free funds available-No  disallowances can be made.<\/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-10928","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Qg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10928","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=10928"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10928\/revisions"}],"predecessor-version":[{"id":10929,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10928\/revisions\/10929"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}