{"id":17431,"date":"2021-05-01T14:21:13","date_gmt":"2021-05-01T08:51:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-gujarat-fluorochemicals-ltd-2021-431-itr-160-guj-hc\/"},"modified":"2021-05-01T14:21:13","modified_gmt":"2021-05-01T08:51:13","slug":"pcit-v-gujarat-fluorochemicals-ltd-2021-431-itr-160-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-gujarat-fluorochemicals-ltd-2021-431-itr-160-guj-hc\/","title":{"rendered":"PCIT v. Gujarat Fluorochemicals Ltd. (2021) 431 ITR 160 (Guj) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the Tribunal had found that the Assessing Officer had worked out disallowance on the basis of a formula. He failed to note that interest free funds available with the assessee were far more than the gross investment. The deletion of disallowance under section\u00a014A\u00a0was justified.( AY. 2005-06 to 2011-12)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure &#8211; Exempt income -Recording of satisfaction is mandatory \u2013[ 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":[21],"tags":[],"class_list":["post-17431","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4x9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17431","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=17431"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17431\/revisions"}],"predecessor-version":[{"id":17432,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17431\/revisions\/17432"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}