{"id":14794,"date":"2021-01-03T14:49:19","date_gmt":"2021-01-03T14:49:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-thermo-king-india-pvt-ltd-202082-itr-42-snbang-trib\/"},"modified":"2021-01-03T14:49:19","modified_gmt":"2021-01-03T14:49:19","slug":"dy-cit-v-thermo-king-india-pvt-ltd-202082-itr-42-snbang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-thermo-king-india-pvt-ltd-202082-itr-42-snbang-trib\/","title":{"rendered":"Dy. CIT v. Thermo King India Pvt. Ltd. (2020)82 ITR 42 (SN)(Bang) (Trib)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held that when the inventories held as current assets\u00a0 interest paid on borrowed capital is allowable as deduction\u00a0 as the method of accounting followed by the assessee is in accordance with Accounting Standard 2 . ( AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital -Inventories held as current assets \u2014Method of accounting &#8211; Accounting Standard 2 \u2014 Interest expenses allowable as deduction .[ S.145A ] <\/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-14794","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3QC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14794","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=14794"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14794\/revisions"}],"predecessor-version":[{"id":14795,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14794\/revisions\/14795"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}