{"id":1179,"date":"2018-06-04T06:00:52","date_gmt":"2018-06-04T06:00:52","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-arun-thomas-2018-161-dtr-161-300-ctr-276-ker-hc\/"},"modified":"2018-06-04T06:00:52","modified_gmt":"2018-06-04T06:00:52","slug":"cit-v-arun-thomas-2018-161-dtr-161-300-ctr-276-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-arun-thomas-2018-161-dtr-161-300-ctr-276-ker-hc\/","title":{"rendered":"CIT v. Arun Thomas ( 2018) 161 DTR 161\/300 CTR 276 (Ker) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the revenue the Court held that , interest paid on deposits in violation of\u00a0 S.4 of the Kerala Money Lenders Act and S.45S of the RBI Act, is held to be not allowable as deduction , since the acceptance of deposits being prohibited by law , Explanation to S.37(1) of the Act is applicable . \u00a0(AY. 2007-08\u00a0 to 2012-13 )\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure -Acceptance of deposits prohibited by law- Interest paid on deposits is held to be not allowable as deduction in view of Explanation to S. 37(1) of the Act .[ Kerala Money Lenders Act, 1958,S.4, 17 , RBI Act, 1934 S. 45S ]<\/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-1179","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-j1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1179","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=1179"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1179\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}