{"id":27455,"date":"2022-06-26T18:00:27","date_gmt":"2022-06-26T12:30:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/n-r-agarwal-industries-ltd-v-acit-2021-91-itr-503-surattrib\/"},"modified":"2022-06-26T18:00:27","modified_gmt":"2022-06-26T12:30:27","slug":"n-r-agarwal-industries-ltd-v-acit-2021-91-itr-503-surattrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/n-r-agarwal-industries-ltd-v-acit-2021-91-itr-503-surattrib\/","title":{"rendered":"N. R. Agarwal Industries Ltd. v. ACIT (2021) 91 ITR 503 (Surat)(Trib.)"},"content":{"rendered":"<p>Held that\u00a0 reserves and surplus funds more than investments. Presumption that such investment was made from interest-free funds available with assessee.\u00a0 No interest disallowance warranted.\u00a0\u00a0 (AY. 2007-08 to 2013-14).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Reserves and surplus funds more than investments-Presumption that such investment was made from interest-free funds available with assessee-No interest disallowance warranted.  [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-27455","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-78P","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27455","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=27455"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27455\/revisions"}],"predecessor-version":[{"id":27456,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27455\/revisions\/27456"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}