{"id":26810,"date":"2022-05-04T21:35:58","date_gmt":"2022-05-04T16:05:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-united-spirits-ltd-2022-284-taxman-568-kar-hc\/"},"modified":"2022-05-04T21:35:58","modified_gmt":"2022-05-04T16:05:58","slug":"pcit-v-united-spirits-ltd-2022-284-taxman-568-kar-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-united-spirits-ltd-2022-284-taxman-568-kar-hc\/","title":{"rendered":"PCIT v. United Spirits Ltd. (2022) 284 Taxman 568 (Kar.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that the\u00a0 loan was obtained in foreign exchange for working capital and said loan was not utilized for making interest as observed by Assessing Officer. Order of tribunal is affirmed. \u00a0(AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Working capital-Foreign exchange for working capital-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":[21],"tags":[],"class_list":["post-26810","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Yq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26810","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=26810"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26810\/revisions"}],"predecessor-version":[{"id":26811,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26810\/revisions\/26811"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}