{"id":17972,"date":"2021-05-10T16:51:43","date_gmt":"2021-05-10T11:21:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/rajkalp-mudraalaya-pvt-ltd-2020-84-itr-4-sn-ahd-trib\/"},"modified":"2021-05-10T16:51:43","modified_gmt":"2021-05-10T11:21:43","slug":"rajkalp-mudraalaya-pvt-ltd-2020-84-itr-4-sn-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rajkalp-mudraalaya-pvt-ltd-2020-84-itr-4-sn-ahd-trib\/","title":{"rendered":"Rajkalp Mudraalaya Pvt. Ltd. (2020) 84 ITR 4 (SN.) (Ahd.) (Trib.)"},"content":{"rendered":"<p>The Tribunal held that order of CIT(A) restricted the disallowance holding that as the installation report showed the installation date of the machinery to be a month earlier than that taken by the Assessing Officer, the disallowance of interest expense should be limited to that extent only. Moreover, as the assessee had utilised its own funds, in addition to funds borrowed from the bank, for the purchase of the machinery, the Commissioner (Appeals) excluded the amount of own funds in reckoning the interest expenses to be capitalized is held to be justified. (AY.2008-09)<br \/><strong>ITO v. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Capitalisation of  interest paid  up to date of  installation of  machinery-Interest relating to assessee\u2019s own funds utilised in purchase to be  excluded in  computing the interest to be  capitalized.  <\/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_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":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-17972","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4FS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17972","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=17972"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17972\/revisions"}],"predecessor-version":[{"id":17973,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17972\/revisions\/17973"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}