{"id":25448,"date":"2022-03-12T16:38:17","date_gmt":"2022-03-12T11:08:17","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-sisecam-flat-glass-india-ltd-2021-87-itr-1-sn-kol-trib-4\/"},"modified":"2022-03-12T16:38:17","modified_gmt":"2022-03-12T11:08:17","slug":"dy-cit-v-sisecam-flat-glass-india-ltd-2021-87-itr-1-sn-kol-trib-4","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-sisecam-flat-glass-india-ltd-2021-87-itr-1-sn-kol-trib-4\/","title":{"rendered":"Dy. CIT v. Sisecam Flat Glass India Ltd. (2021) 87 ITR 1 (SN) (Kol.) (Trib.)"},"content":{"rendered":"<p>Held that\u00a0 any loss or gain which arose from the interest rate swap arrangement was in the revenue field since the underlying transaction for such an arrangement was the interest payable on the loan which was a revenue item. Therefore, the Commissioner (Appeals) was right in deleting the disallowance of loss on interest rate hedging contract. (AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Interest rate hedging contract-Underlying transaction was interest payable on  loan-Loss or  gain from interest rate swap arrangement is  revenue.<\/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-25448","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Cs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25448","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=25448"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25448\/revisions"}],"predecessor-version":[{"id":25449,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25448\/revisions\/25449"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}