{"id":21686,"date":"2021-09-24T11:32:27","date_gmt":"2021-09-24T06:02:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dharampal-satyapal-ltd-v-dy-ccit-2020-191-dtr-87-delhitrib\/"},"modified":"2021-09-24T11:32:27","modified_gmt":"2021-09-24T06:02:27","slug":"dharampal-satyapal-ltd-v-dy-ccit-2020-191-dtr-87-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dharampal-satyapal-ltd-v-dy-ccit-2020-191-dtr-87-delhitrib\/","title":{"rendered":"Dharampal Satyapal Ltd. v. Dy.CCIT (2020) 191 DTR 87 (Delhi)(Trib.)"},"content":{"rendered":"<p>Where the revenue disallowed interest paid on borrowed fund u\/s 36(1)(iii) on the ground that loans and advances were provided by assessee to its sister concerns out of borrowed funds without charging adequate interest. It was held that as non-or lower interest-bearing advances given to subsidiary or sister concern are less than interest free funds in form of share capital and reserves and surplus available with assessee, interest cannot be disallowed u\/s.36(1)(iii) of the Act. (AY. 2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Advance given to subsidiary or sister concern-Share capital  reserves and surplus  available-Disallowance of interest was deleted. <\/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-21686","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5DM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21686","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=21686"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21686\/revisions"}],"predecessor-version":[{"id":21687,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21686\/revisions\/21687"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=21686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=21686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=21686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}