{"id":16560,"date":"2021-04-14T10:59:59","date_gmt":"2021-04-14T05:29:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/zaveri-co-p-ltd-v-dcit-2020-184-itd-777-ahd-trib-2\/"},"modified":"2021-04-14T10:59:59","modified_gmt":"2021-04-14T05:29:59","slug":"zaveri-co-p-ltd-v-dcit-2020-184-itd-777-ahd-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/zaveri-co-p-ltd-v-dcit-2020-184-itd-777-ahd-trib-2\/","title":{"rendered":"Zaveri &#038; Co. (P.) Ltd. v. DCIT (2020) 184 ITD 777 (Ahd.)(Trib.)"},"content":{"rendered":"<p>Assessee in its SEZ, was engaged in business of trading of diamonds and gold jewellery as well as manufacturing gold jewellery for purpose of export.\u00a0 It earned interest income from fixed deposit (FD) receipts with bank which were made by assessee in course of its trading business of import for purposes of re-\u00adexport, for obtaining Letter of Credit for its purchases. Tribunal\u00a0 held that\u00a0 FD being business assets, said interest income was to be assessed as business income of assessee. (AY. 2012-13, 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business income-Interest income from fixed deposit  (FD) receipts with bank-Obtaining letter of credit for its purchases-Assessable as business income. [S. 10AA]<\/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-16560","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4j6","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16560","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=16560"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16560\/revisions"}],"predecessor-version":[{"id":16561,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16560\/revisions\/16561"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}