{"id":12068,"date":"2020-09-02T12:58:14","date_gmt":"2020-09-02T12:58:14","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-syndicate-bank-2020422-itr-298-186-dtr-200-313-ctr-76-karnhc\/"},"modified":"2021-06-06T14:52:29","modified_gmt":"2021-06-06T09:22:29","slug":"cit-v-syndicate-bank-2020422-itr-298-186-dtr-200-313-ctr-76-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-syndicate-bank-2020422-itr-298-186-dtr-200-313-ctr-76-karnhc\/","title":{"rendered":"CIT v. Syndicate Bank (2020)422 ITR 298 \/186 DTR 200\/ 313 CTR 76 \/ 270 Taxman  237(Karn)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 the assessee has not incurred any expenditure. The estimated expenditure in respect of administrative or financial cost at five per cent. of dividend income earned by the Assessing Officer in accordance with S. \u00a014A\u00a0of the Act could not be disallowed. Rule 8D cannot be applied to any assessment year prior to assessment year 2008 -09 ( AY. 2000-01)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure &#8211; Exempt income &#8211; Notional expenditure on earning dividends  cannot be disallowed when there is no expenditure is incurred &#8211;  Rule 8D cannot be applied to any assessment year prior to assessment year 2008 -09 [ R.8D ] <\/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-12068","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-38E","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12068","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=12068"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12068\/revisions"}],"predecessor-version":[{"id":18983,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12068\/revisions\/18983"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}