{"id":14048,"date":"2020-11-27T03:02:26","date_gmt":"2020-11-27T03:02:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ajay-narendra-bansal-v-dy-cit-2020-79-itr-8-sn-mum-trib\/"},"modified":"2020-11-27T03:02:26","modified_gmt":"2020-11-27T03:02:26","slug":"ajay-narendra-bansal-v-dy-cit-2020-79-itr-8-sn-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ajay-narendra-bansal-v-dy-cit-2020-79-itr-8-sn-mum-trib\/","title":{"rendered":"Ajay Narendra Bansal v. Dy. CIT (2020) 79 ITR 8 (SN) ( Mum) (Trib)"},"content":{"rendered":"<p>The Tribunal held that the Interest expenditure had to be set off against the interest earned and offered under the head Income from other sources. On facts\u00a0 \u00a0the effect of \u00a0allowance of \u00a0interest expenditure whether from income from other sources or \u00a0business income would be tax \u00a0neutral, it was not necessary to decide whether it \u00a0should be allowed against business income or income from other sources.( AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 57 : Income from other sources &#8211; Deductions -Interest expenditure to be  set off against interest earned . [ S. 28,(i) 36(1)(iii),  56, 57(iii) ] <\/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":[21],"tags":[],"class_list":["post-14048","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3EA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14048","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=14048"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14048\/revisions"}],"predecessor-version":[{"id":14049,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14048\/revisions\/14049"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}