{"id":20022,"date":"2021-07-07T12:34:35","date_gmt":"2021-07-07T07:04:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/rajendra-kumar-jain-v-ito-2021-277-taxman-236-mad-hc\/"},"modified":"2021-07-07T12:34:35","modified_gmt":"2021-07-07T07:04:35","slug":"rajendra-kumar-jain-v-ito-2021-277-taxman-236-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rajendra-kumar-jain-v-ito-2021-277-taxman-236-mad-hc\/","title":{"rendered":"Rajendra Kumar Jain v. ITO (2021) 277 Taxman 236 (Mad.)(HC)"},"content":{"rendered":"<p>Assessee claimed the deduction of interest paid to relatives. Assessing Officer disallowed the interest which was affirmed by the Tribunal. On appeal the Court held that the assessee had given names of persons from whom he borrowed money and the\u00a0\u00a0\u00a0 interest paid was allowed as deduction from year to year and lenders were disclosed the interest in their return of income. High court remanded the matter to the file of Assessing Officer to allow the interest as per the law. \u00a0(AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 57 : Income from other sources-Deductions-Interest paid on loans from relatives-Matter reamended. [S. 57(iii)]  <\/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-20022","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5cW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20022","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=20022"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20022\/revisions"}],"predecessor-version":[{"id":20023,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20022\/revisions\/20023"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}