{"id":25562,"date":"2022-03-17T13:04:49","date_gmt":"2022-03-17T07:34:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-investment-trust-of-india-ltd-2021-88-itr-566-chennai-trib-dy-cit-v-hfcl-infotel-ltd-2021-88-itr-566-chennaitrib\/"},"modified":"2022-06-07T20:41:39","modified_gmt":"2022-06-07T15:11:39","slug":"acit-v-investment-trust-of-india-ltd-2021-88-itr-566-chennai-trib-dy-cit-v-hfcl-infotel-ltd-2021-88-itr-566-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-investment-trust-of-india-ltd-2021-88-itr-566-chennai-trib-dy-cit-v-hfcl-infotel-ltd-2021-88-itr-566-chennaitrib\/","title":{"rendered":"ACIT v. Investment Trust of India Ltd. (2021) 88 ITR 566\/ 211 TTJ 777 \/ 203 DTR 289 (Chennai) (Trib.) Dy. CIT v. HFCL Infotel Ltd. (2021) 88 ITR 566\/ 211 TTJ 777\/ 203 DTR 289   (Chennai)(Trib.)"},"content":{"rendered":"<p>Held that\u00a0 interest\u00a0 expenditure not incurred\u00a0 no disallowance cannot be made. Other Expenses at 0.5 Per Cent. of\u00a0 average value of\u00a0 investments only investments which earned exempt income to be considered for computing average value of investments. (AY.2003-04 to 2005-06, 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Interest-Expenditure not incurred-No disallowance cannot be made-Other Expenses at 0.5 Per Cent. of  average value of  investments &#8211; Only investments which earned exempt income to be considered for computing average value of investments.  [R. 8D] <\/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-25562","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Ei","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25562","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=25562"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25562\/revisions"}],"predecessor-version":[{"id":27298,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25562\/revisions\/27298"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}