{"id":2364,"date":"2018-09-14T10:36:53","date_gmt":"2018-09-14T10:36:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/jayantilal-investments-v-acit-2018-257-taxman-103-bom-hc\/"},"modified":"2018-11-04T07:21:04","modified_gmt":"2018-11-04T07:21:04","slug":"jayantilal-investments-v-acit-2018-257-taxman-103-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jayantilal-investments-v-acit-2018-257-taxman-103-bom-hc\/","title":{"rendered":"Jayantilal Investments  v. ACIT (2018) 257 Taxman 103\/ 170 DTR 220 (Bom)( HC)"},"content":{"rendered":"<p>Court held that; plot of land was purchased in course of business of assessee, same formed part of stock-in-trade of assessee, therefore, interest paid on loan taken for purchase of said plot of land is \u00a0to be allowed as revenue expenditure.( AY. 1998-99)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital -Construction business-Stock in trade &#8211; Interest paid on borrowings for purchase  land -Allowable  as revenue expenditure.<\/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":[1],"tags":[],"class_list":["post-2364","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-C8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2364","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=2364"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2364\/revisions"}],"predecessor-version":[{"id":2835,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2364\/revisions\/2835"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}