{"id":25700,"date":"2022-03-22T17:06:26","date_gmt":"2022-03-22T11:36:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-century-real-estate-holdings-pvt-ltd-2021-89-itr-36-sn-bang-trib-dy-cit-v-india-infoline-finance-ltd-202189-itr-9-sn-mum-trib\/"},"modified":"2022-04-02T06:45:46","modified_gmt":"2022-04-02T01:15:46","slug":"acit-v-century-real-estate-holdings-pvt-ltd-2021-89-itr-36-sn-bang-trib-dy-cit-v-india-infoline-finance-ltd-202189-itr-9-sn-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-century-real-estate-holdings-pvt-ltd-2021-89-itr-36-sn-bang-trib-dy-cit-v-india-infoline-finance-ltd-202189-itr-9-sn-mum-trib\/","title":{"rendered":"ACIT v. Century Real Estate Holdings Pvt. Ltd. (2021) 89 ITR 36 (SN) (Bang.)(Trib.) Dy. CIT v. India Infoline Finance Ltd. (2021)89 ITR 9 (SN) (Mum.) (Trib.)\/Viney Corporation Ltd. v. ACIT (2021)92 ITR 59 (SN) (Delhi) ( Trib)\/Hindustan Associated Engineers Pvt. Ltd. v. ITO  (2021)92 ITR 33  (SN) (Delhi) ( Trib)"},"content":{"rendered":"<p>Held that\u00a0 own funds are more than value of investment in firm, mutual funds and shares hence no disallowance can be made. Lump sum disallowance of 15 lakhs\u00a0 made by the assessee\u00a0 was held to be proper. \u00a0(AY.\u00a0 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A : Disallowance of expenditure-Exempt income-Own funds are more than value of investment in firm, mutual funds and shares-No disallowance can be made-Charging net amount to profit and loss account-Lump sum disallowance of 15 lakhs  was held to be proper. [R. 8D(2)(ii), 8D(2)(iii)] <\/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-25700","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Gw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25700","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=25700"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25700\/revisions"}],"predecessor-version":[{"id":26121,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25700\/revisions\/26121"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}