{"id":2524,"date":"2018-10-18T02:19:24","date_gmt":"2018-10-18T02:19:24","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-holy-faith-international-p-ltd-2018-407-itr-445-p-h-hc\/"},"modified":"2018-10-18T02:19:24","modified_gmt":"2018-10-18T02:19:24","slug":"pcit-v-holy-faith-international-p-ltd-2018-407-itr-445-p-h-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-holy-faith-international-p-ltd-2018-407-itr-445-p-h-hc\/","title":{"rendered":"PCIT v. Holy Faith International P. Ltd ( 2018) 407 ITR 445 ( P&#038; H) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue , the Court held that , when advances were out of interest free funds available with assessee, expenditure on borrowed amount is allowable as deduction .( AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.36(1)(iii): Interest on borrowed capital- Advances were made out of interest free funds available with assessee -Allowable as deduction .<\/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-2524","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-EI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2524","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=2524"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2524\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}