{"id":14792,"date":"2021-01-03T14:47:08","date_gmt":"2021-01-03T14:47:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/balji-electrical-insulators-p-ltd-v-dy-cit-202082-itr-39-sn-ahd-trib\/"},"modified":"2021-01-03T14:47:08","modified_gmt":"2021-01-03T14:47:08","slug":"balji-electrical-insulators-p-ltd-v-dy-cit-202082-itr-39-sn-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/balji-electrical-insulators-p-ltd-v-dy-cit-202082-itr-39-sn-ahd-trib\/","title":{"rendered":"Balji Electrical Insulators P. Ltd. v Dy. CIT (2020)82 ITR 39 (SN) (Ahd) (Trib)"},"content":{"rendered":"<p>Tribunal held that when the \u00a0assessee \u00a0has sufficient interest-free funds were available out of \u00a0which the interest-free loans and advances were provided to parties. How much is a reasonable expenditure has to \u00a0be decided by the assessee and not the department. \u00a0Disallowance was deleted .(AY.2013-14, 2014-15)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital \u2013 Reasonableness of expenditure has to be decided by assessee and not department &#8211; Sufficient interest-free funds-  No disallowance 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":[21],"tags":[],"class_list":["post-14792","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3QA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14792","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=14792"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14792\/revisions"}],"predecessor-version":[{"id":14793,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14792\/revisions\/14793"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}